Bunzl PLC Reports Decline in Stock Price
Bunzl PLC, a London-based distribution group, has experienced a decline in its stock price over the past year. The company’s shares have lost approximately 31% of their value since last year’s price.
- Investors who initially invested £1,000 in the company now hold shares worth around £709.
- The decline in value is attributed to the company’s stock price, which has fallen from £31.56 to £22.40.
Despite the decline in stock price, Bunzl’s market capitalization remains significant, standing at £7.3 billion.
Recent Business Developments
The company has recently partnered with Huhtamaki and Xampla to supply plant-based coated hot food boxes in the UK. This partnership indicates ongoing business activities and efforts to expand the company’s product offerings.
Key Statistics
- Initial investment: £1,000
- Current value: £709
- Stock price (previous year): £31.56
- Stock price (current): £22.40
- Market capitalization: £7.3 billion