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Bunzl plc ( (GB:BNZL) ) has issued an announcement.
Bunzl plc announced the repurchase of 9,561 of its ordinary shares at an average price of £25.0350 per share, as part of its ongoing share buyback program initiated with UBS AG London Branch. The company intends to cancel these shares, which will result in a total of 325,981,670 ordinary shares in issue, impacting the voting rights and shareholding structure. Since the start of the buyback program, Bunzl has repurchased a total of 3,815,894 shares, reflecting its strategic focus on optimizing capital structure and enhancing shareholder value.
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, safety equipment, and other essential goods. The company focuses on serving various market sectors such as foodservice, retail, healthcare, and industrial sectors globally.
Average Trading Volume: 952,716
Technical Sentiment Signal: Hold
Current Market Cap: £8.09B
Learn more about BNZL stock on TipRanks’ Stock Analysis page.