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

Bunzl plc (LON:BNZL) declared a dividend on Tuesday, August 27th,Upcoming Dividends.Co.Uk reports. Stockholders 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 dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 14th. The official announcement can be accessed at this link.

Bunzl Trading Down 0.1 %

Shares of Bunzl stock traded down GBX 4 ($0.05) on Tuesday, hitting GBX 3,472 ($44.68). 2,113,913 shares of the company’s stock traded hands, compared to its average volume of 921,126. The company has a fifty day moving average of GBX 3,533.44 and a two-hundred day moving average of GBX 3,250.04. Bunzl has a one year low of GBX 2,871 ($36.95) and a one year high of GBX 3,732 ($48.02). The company has a market capitalization of £11.60 billion, a price-to-earnings ratio of 2,386.21, a price-to-earnings-growth 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 related news, insider Jacky Simmonds bought 1,445 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average cost 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.

Wall Street Analyst Weigh In

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

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.