Bunzl (OTCMKTS:BZLFY) Sees Large Volume Increase – Here’s Why

Bunzl PLC (OTCMKTS:BZLFY) saw unusually-high trading volume on Wednesday . Approximately 104,591 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 102,566 shares.The stock last traded at $14.59 and had previously closed at $14.50.

Analysts Set New Price Targets

A number of research firms recently commented on BZLFY. BNP Paribas Exane cut shares of Bunzl to a “neutral” rating in a report on Monday, January 5th. Jefferies Financial Group raised Bunzl to a “moderate sell” rating in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bunzl has a consensus rating of “Moderate Buy”.

Bunzl Price Performance

The firm has a fifty day moving average of $14.17 and a two-hundred day moving average of $15.13. The company has a current ratio of 1.36, a quick ratio of 0.77 and a debt-to-equity ratio of 0.69.

About Bunzl

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.