Bunzl (OTCMKTS:BZLFY) Reaches New 1-Year High – What’s Next?

Bunzl PLC (OTCMKTS:BZLFY) shares reached a new 52-week high during trading on Monday . The company traded as high as $17.73 and last traded at $17.62, with a volume of 8727 shares changing hands. The stock had previously closed at $17.46.

Analyst Ratings Changes

Several research firms recently weighed in on BZLFY. Citigroup restated a “buy” rating on shares of Bunzl in a research note on Thursday. Barclays cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, BNP Paribas Exane upgraded shares of Bunzl from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Bunzl currently has a consensus rating of “Moderate Buy”.

Bunzl Stock Up 1.0%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39. The stock’s 50 day moving average is $16.44 and its two-hundred day moving average is $15.20.

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.