Bunzl (OTCMKTS:BZLFY) Cut to “Hold” at Barclays

Bunzl (OTCMKTS:BZLFY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Jefferies Financial Group raised Bunzl to a “moderate sell” rating in a report on Wednesday, December 17th. BNP Paribas Exane lowered Bunzl to a “neutral” rating in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Bunzl presently has a consensus rating of “Hold”.

Bunzl Stock Performance

Bunzl stock opened at $14.78 on Thursday. Bunzl has a twelve month low of $13.32 and a twelve month high of $20.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.77 and a current ratio of 1.36. The stock’s 50 day moving average is $14.47 and its 200 day moving average is $15.02.

Bunzl Company Profile

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.