Bunzl (OTCMKTS:BZLFY) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Bunzl PLC (OTCMKTS:BZLFYGet Free Report)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.17 and traded as low as $15.98. Bunzl shares last traded at $16.17, with a volume of 28,040 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BZLFY shares. Royal Bank Of Canada cut Bunzl from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Kepler Capital Markets raised Bunzl to a “hold” rating in a research report on Thursday, June 19th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Read Our Latest Report on BZLFY

Bunzl Price Performance

The company has a fifty day moving average price of $16.17 and a two-hundred day moving average price of $16.48.

Bunzl Company Profile

(Get Free Report)

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.

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