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Bunzl plc ( (GB:BNZL) ) just unveiled an announcement.
Bunzl plc has repurchased 159,923 of its ordinary shares at an average price of £25.0119 per share, as part of its ongoing share buyback program. This transaction, conducted through UBS AG London Branch, is in line with the authority granted by shareholders and aims to cancel the repurchased shares, impacting the total number of voting rights in the company. Since the start of the buyback program, Bunzl has repurchased a total of 3,806,333 shares, reflecting a strategic move to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (GB:BNZL) stock is a Hold with a £31.00 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 GB:BNZL Stock
According to Spark, TipRanks’ AI Analyst, GB:BNZL is a Neutral.
Bunzl plc’s overall stock score reflects its solid financial performance and moderate valuation. While the company shows strong operational efficiency and cash flow generation, technical indicators suggest potential resistance, and the earnings call highlights some operational challenges. The stock remains attractive for its dividend yield, but investors should monitor leverage and regional performance issues.
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 wide range of products including packaging, cleaning and hygiene supplies, and personal protective equipment. The company focuses on delivering essential products and services to various sectors such as healthcare, retail, and foodservice.
Average Trading Volume: 952,716
Technical Sentiment Signal: Hold
Current Market Cap: £8.09B
Find detailed analytics on BNZL stock on TipRanks’ Stock Analysis page.