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Bunzl CFO exercises 2023 share awards and sells portion to cover costs

Story Highlights
  • Bunzl is a global distribution and services group supplying non-food consumables and outsourced procurement solutions across multiple sectors.
  • CFO Richard Howes exercised 2023 share awards, acquiring 40,884 Bunzl shares and selling 19,264 at £22.99 to cover tax and dealing costs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bunzl CFO exercises 2023 share awards and sells portion to cover costs

Meet Samuel – Your Personal Investing Prophet

Bunzl plc ( (GB:BNZL) ) just unveiled an update.

Bunzl plc, a global distribution and services group focused on non-food consumables and outsourced supply solutions, serves customers across sectors such as grocery, healthcare, foodservice and industry. The company uses its scale and logistics capabilities to provide essential products and services to business customers in multiple international markets.

Bunzl disclosed that its Chief Financial Officer, Richard Howes, has exercised share awards granted in 2023 under both the Deferred Annual Share Bonus Scheme and the Long Term Incentive Plan, acquiring a total of 40,884 ordinary shares at nil cost. He subsequently sold 19,264 of those shares at £22.99 each on the London Stock Exchange to cover tax and dealing costs, a routine remuneration-related transaction that slightly adjusts his equity exposure but does not signal any change in Bunzl’s operational outlook.

The most recent analyst rating on (GB:BNZL) stock is a Hold with a £2200.00 price target. To see the full list of analyst forecasts on Bunzl plc stock, see the GB:BNZL Stock Forecast page.

Spark’s Take on BNZL Stock

According to Spark, TipRanks’ AI Analyst, BNZL is a Outperform.

The score is led by solid financial performance—especially strong free-cash-flow quality—offset by leverage and recent profitability/margin pressure. Technicals are supportive with positive momentum, while valuation looks reasonable given the mid-teens P/E and ~3.3% yield. Earnings call commentary adds caution due to guidance for slightly lower margins and ongoing regional/execution headwinds.

To see Spark’s full report on BNZL stock, click here.

More about Bunzl plc

Bunzl plc is a specialist international distribution and services group, supplying non-food consumables such as packaging, cleaning and safety products to businesses across various sectors. The company focuses on providing outsourced procurement and supply solutions, leveraging scale and logistics to serve customers in markets including grocery, healthcare, foodservice and industry.

Average Trading Volume: 1,210,946

Technical Sentiment Signal: Hold

Current Market Cap: £7.43B

For an in-depth examination of BNZL stock, go to TipRanks’ Overview page.

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