Bunzl CFO Transfers Shares to Associated Party

The latest announcement is out from Bunzl plc ( (GB:BNZL) ).

Bunzl plc announced a transaction involving the transfer of 89,940 ordinary shares by Richard Howes, the Chief Financial Officer, to Alexia Howes, a person closely associated with him, for nil consideration. This transaction, conducted outside of a trading venue, reflects internal share management and may indicate strategic financial planning within the company’s executive team.

The most recent analyst rating on (GB:BNZL) stock is a Hold with a £32.50 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 GB:BNZL Stock

According to Spark, TipRanks’ AI Analyst, GB:BNZL is a Neutral.

Bunzl plc’s overall score reflects strong financial performance and strategic initiatives, tempered by technical challenges and increased leverage. The financial foundation and strategic acquisitions support long-term prospects, while short-term technical indicators suggest caution.

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

More about Bunzl plc

Bunzl plc operates in the distribution and outsourcing industry, providing a range of products and services including packaging, cleaning and hygiene supplies, safety products, and healthcare consumables. The company focuses on delivering essential items to various sectors such as retail, healthcare, and foodservice.

Average Trading Volume: 1,306,000

Technical Sentiment Signal: Sell

Current Market Cap: £7.88B

See more data about BNZL stock on TipRanks’ Stock Analysis page.