Bunzl (OTCMKTS:BZLFY) Reaches New 52-Week Low – Here’s Why

Bunzl PLC (OTCMKTS:BZLFY) hit a new 52-week low on Thursday . The stock traded as low as $13.61 and last traded at $13.63, with a volume of 87537 shares changing hands. The stock had previously closed at $13.81.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Bunzl to a “hold” rating in a research report on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bunzl Stock Performance

The company’s fifty day simple moving average is $15.83 and its two-hundred day simple moving average is $15.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.77 and a current ratio of 1.36.

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.