Bunzl (OTCMKTS:BZLFY) Sets New 12-Month Low – What’s Next?

Shares of Bunzl plc (OTCMKTS:BZLFY) hit a new 52-week low on Wednesday . The stock traded as low as $14.76 and last traded at $15.20, with a volume of 195856 shares. The stock had previously closed at $20.35.

Analyst Ratings Changes

Several brokerages have commented on BZLFY. Hsbc Global Res raised Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Citigroup upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Barclays upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Finally, Peel Hunt upgraded Bunzl to a “moderate buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Bunzl currently has an average rating of “Buy”.

Bunzl Trading Down 25.3 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 1.15. The company’s 50-day moving average is $19.93 and its 200 day moving average is $29.13.

Bunzl Company Profile

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.