Bunzl (OTCMKTS:BZLFY) Shares Gap Up – Here’s What Happened

Bunzl PLC (OTCMKTS:BZLFY) gapped up prior to trading on Thursday . The stock had previously closed at $15.53, but opened at $16.36. Bunzl shares last traded at $16.37, with a volume of 677 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays lowered shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Bunzl Trading Up 0.8%

The business’s 50-day moving average is $15.81 and its two-hundred day moving average is $14.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39.

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.