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Bunzl plc ( (GB:BNZL) ) has shared an update.
Bunzl plc announced the repurchase of 57,028 ordinary shares as part of its ongoing share buyback program, executed through UBS AG London Branch on the London Stock Exchange. The shares were bought at an average price of £23.6722 per share and are intended to be canceled, reducing the total number of shares in issue to 325,029,294. This move is part of a broader strategy to manage the company’s capital structure and enhance shareholder value, having repurchased a total of 4,772,935 shares since the program’s commencement.
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, primarily providing a variety of non-food consumables and services to businesses across various sectors. The company focuses on delivering essential products such as packaging, cleaning and hygiene supplies, and safety equipment to customers in sectors like foodservice, retail, and healthcare.
Average Trading Volume: 936,881
Technical Sentiment Signal: Sell
Current Market Cap: £7.65B
See more data about BNZL stock on TipRanks’ Stock Analysis page.