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

Bunzl plc (LON:BNZL) announced a dividend on Tuesday, August 27th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 14th will be paid 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 Price Performance

Shares of LON:BNZL opened at GBX 3,460 ($44.52) on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. The company has a market cap of £11.56 billion, a P/E ratio of 2,386.21, a PEG ratio of 5.40 and a beta of 0.45. Bunzl has a 52 week low of GBX 2,871 ($36.95) and a 52 week high of GBX 3,732 ($48.02). The company has a 50-day moving average price of GBX 3,533.44 and a 200 day moving average price of GBX 3,250.04.

Wall Street Analysts Forecast Growth

BNZL has been the subject of a number of research analyst reports. Royal Bank of Canada raised shares of Bunzl to a “sector perform” rating and increased their target price for the company from GBX 2,700 ($34.74) to GBX 3,350 ($43.11) in a report on Thursday, August 29th. Jefferies Financial Group increased their target price 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. Finally, Shore Capital reissued a “buy” rating on shares of Bunzl in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Bunzl has an average rating of “Hold” and a consensus target price of GBX 3,182.50 ($40.95).

Insider Buying and Selling at Bunzl

In related news, insider Jacky Simmonds purchased 1,445 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were bought at an average price of GBX 3,462 ($44.55) per share, for a total transaction of £50,025.90 ($64,375.11). 0.84% of the stock is owned by company insiders.

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.