Bunzl (OTCMKTS:BZLFY) Cut to “Hold” at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Bunzl (OTCMKTS:BZLFY) from a moderate buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Hsbc Global Res upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 20th. Peel Hunt lowered Bunzl from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft raised Bunzl from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Finally, Barclays raised Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Bunzl currently has a consensus rating of “Buy”.

Bunzl Price Performance

BZLFY opened at $15.01 on Tuesday. Bunzl has a 12 month low of $14.76 and a 12 month high of $24.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 1.18. The stock’s 50 day moving average price is $16.29 and its 200 day moving average price is $19.94.

Bunzl Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, May 26th will be paid a dividend of $0.3289 per share. The ex-dividend date is Friday, May 23rd. This is a positive change from Bunzl’s previous dividend of $0.25. This represents a dividend yield of 2.63%.

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.