Morgan Stanley upgraded shares of Bunzl (OTCMKTS:BZLFY) from an underweight rating to an equal weight rating in a research note issued to investors on Monday, The Fly reports.
Several other research firms also recently commented on BZLFY. Jefferies Financial Group upgraded shares of Bunzl from an underperform rating to a buy rating in a research report on Monday, March 16th. Zacks Investment Research downgraded shares of Bunzl from a buy rating to a hold rating in a research report on Tuesday, December 24th. Finally, Berenberg Bank downgraded shares of Bunzl from a hold rating to a sell rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $29.00.
OTCMKTS:BZLFY opened at $17.56 on Monday. The firm’s 50 day simple moving average is $23.38 and its 200 day simple moving average is $25.87. Bunzl has a one year low of $14.54 and a one year high of $33.85. The company has a market cap of $5.53 billion, a PE ratio of 10.39 and a beta of 0.73.
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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