Zacks Investment Research upgraded shares of Bunzl (OTCMKTS:BZLFY) from a hold rating to a buy rating in a research note published on Thursday. The firm currently has $31.00 target price on the stock.
According to Zacks, “Bunzl Plc operates in two business areas; Outsourcing Services and Filtrona. As an international componay Bunzl has developed sound partnerships with both suppliers and customers by providing outsourcing solutions and customer service oriented distribution and light manufacture, primarily of plastic and paper based products. “
Separately, Goldman Sachs Group upgraded Bunzl from a neutral rating to a buy rating in a research note on Wednesday, January 24th.
Shares of Bunzl (OTCMKTS BZLFY) opened at $28.54 on Thursday. Bunzl has a one year low of $26.72 and a one year high of $32.33. The stock has a market capitalization of $9,430.00, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 5.06 and a beta of 1.05. The company has a current ratio of 1.36, a quick ratio of 0.82 and a debt-to-equity ratio of 1.09.
Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.
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