Bunzl (LON:BNZL) Given Buy Rating at Shore Capital

Shore Capital reissued their buy rating on shares of Bunzl (LON:BNZL) in a research report released on Wednesday, Marketbeat Ratings reports.

Bunzl Stock Up 1.2 %

Bunzl stock opened at GBX 3,070 ($37.92) on Wednesday. Bunzl has a 1-year low of GBX 2,680 ($33.10) and a 1-year high of GBX 3,306 ($40.83). The firm has a 50 day simple moving average of GBX 3,059.52 and a 200 day simple moving average of GBX 3,069.83. The company has a current ratio of 1.40, a quick ratio of 0.73 and a debt-to-equity ratio of 106.68. The firm has a market capitalization of £10.31 billion, a price-to-earnings ratio of 1,993.51, a P/E/G ratio of 5.40 and a beta of 0.47.

Bunzl Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Thursday, May 16th will be issued a GBX 50.10 ($0.62) dividend. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.52%. This is a boost from Bunzl’s previous dividend of $18.20. Bunzl’s dividend payout ratio is presently 4,415.58%.

Insider Buying and Selling at Bunzl

In other news, insider Richard Howes sold 10,730 shares of Bunzl stock in a transaction on Friday, March 1st. The shares were sold at an average price of GBX 3,105 ($38.35), for a total transaction of £333,166.50 ($411,519.89). In other Bunzl news, insider Frank van Zanten sold 24,244 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of GBX 3,062 ($37.82), for a total transaction of £742,351.28 ($916,935.87). Also, insider Richard Howes sold 10,730 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of GBX 3,105 ($38.35), for a total transaction of £333,166.50 ($411,519.89). Insiders own 0.88% of the company’s stock.

Bunzl Company Profile

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.