Bunzl (OTCMKTS:BZLFY) Sets New 1-Year High – Time to Buy?

Shares of Bunzl PLC (OTCMKTS:BZLFY) reached a new 52-week high during trading on Thursday . The company traded as high as $18.89 and last traded at $18.89, with a volume of 3849 shares. The stock had previously closed at $18.70.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. BNP Paribas Exane raised shares of Bunzl from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Bunzl Stock Up 0.9%

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 has a 50-day moving average of $17.33 and a 200-day moving average of $15.85.

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.