Bunzl (OTCMKTS:BZLFY) Rating Increased to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of Bunzl (OTCMKTS:BZLFY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Peel Hunt upgraded shares of Bunzl to a “moderate buy” rating in a research note on Wednesday, March 5th. Citigroup upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Royal Bank of Canada raised Bunzl from a “hold” rating to a “moderate buy” rating in a report on Monday, December 16th. Finally, HSBC downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Bunzl Stock Performance

Shares of OTCMKTS BZLFY opened at $19.15 on Thursday. Bunzl has a fifty-two week low of $18.30 and a fifty-two week high of $24.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75. The business has a 50-day simple moving average of $20.59 and a two-hundred day simple moving average of $32.89.

About Bunzl

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.