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An announcement from Bunzl plc ( (GB:BNZL) ) is now available.
Bunzl plc announced the repurchase of 107,185 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move, executed through UBS AG London Branch, reflects Bunzl’s strategy to manage its capital structure and potentially enhance shareholder value. Following this transaction, the company has no shares in treasury and maintains 325,176,322 shares in issue, which may impact shareholder voting rights calculations.
The most recent analyst rating on (GB:BNZL) stock is a Buy with a £2704.00 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 Outperform.
Bunzl plc’s overall stock score reflects solid financial performance and a fair valuation, tempered by mixed technical indicators and challenges highlighted in the earnings call. The company’s strong cash flow and strategic acquisitions provide a foundation for long-term growth, but immediate challenges in key markets need to be addressed.
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 and services including packaging, cleaning and hygiene supplies, and personal protection equipment. The company focuses on delivering essential products to various market sectors such as foodservice, retail, and healthcare.
Average Trading Volume: 925,441
Technical Sentiment Signal: Sell
Current Market Cap: £7.54B
See more data about BNZL stock on TipRanks’ Stock Analysis page.