Bunzl (OTCMKTS:BZLFY) Sets New 52-Week High – Should You Buy?

Shares of Bunzl PLC (OTCMKTS:BZLFY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.07 and last traded at $19.01, with a volume of 1410 shares changing hands. The stock had previously closed at $18.8960.

Wall Street Analyst Weigh In

BZLFY has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bunzl in a report on Tuesday, July 7th. BNP Paribas Exane upgraded Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Bunzl currently has an average rating of “Hold”.

Bunzl Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.39 and a quick ratio of 0.80. The firm has a 50 day moving average of $17.55 and a 200-day moving average of $15.99.

Bunzl Company Profile

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.