Bunzl plc (LON:BNZL) Declares Dividend of GBX 20.10

Bunzl plc (LON:BNZL) declared a dividend on Tuesday, August 27th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 14th will be given a dividend of GBX 20.10 ($0.26) per share on Friday, January 3rd. This represents a yield of 0.57%. The ex-dividend date is Thursday, November 14th. The official announcement can be accessed at this link.

Bunzl Stock Down 0.7 %

BNZL stock opened at GBX 3,438 ($44.24) on Wednesday. The business has a 50-day moving average of GBX 3,538.40 and a 200-day moving average of GBX 3,253.45. Bunzl has a fifty-two week low of GBX 2,871 ($36.95) and a fifty-two week high of GBX 3,732 ($48.02). The stock has a market capitalization of £11.48 billion, a P/E ratio of 2,387.59, a P/E/G ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73.

Insiders Place Their Bets

In other Bunzl news, insider Jacky Simmonds purchased 1,445 shares of Bunzl stock in a transaction that occurred on Thursday, August 29th. The stock was acquired at an average price of GBX 3,462 ($44.55) per share, for a total transaction of £50,025.90 ($64,375.11). Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

BNZL has been the topic of a number of recent research reports. Shore Capital reiterated a “buy” rating on shares of Bunzl in a report on Thursday, October 24th. Royal Bank of Canada raised shares of Bunzl to a “sector perform” rating and boosted their price target for the stock from GBX 2,700 ($34.74) to GBX 3,350 ($43.11) in a research report on Thursday, August 29th. Finally, Jefferies Financial Group increased their price objective on shares of Bunzl from GBX 2,600 ($33.46) to GBX 2,800 ($36.03) and gave the stock an “underperform” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Bunzl currently has an average rating of “Hold” and an average price target of GBX 3,182.50 ($40.95).

About Bunzl

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.