Bunzl (OTCMKTS:BZLFY) Stock Moved Down to “Hold” by Zacks Research

Zacks Research downgraded shares of Bunzl (OTCMKTS:BZLFY) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks reports.

Several other research firms also recently issued reports on BZLFY. Sanford C. Bernstein downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. BNP Paribas Exane lowered Bunzl from an “outperform” rating to a “neutral” rating in a report on Friday, September 4th. Finally, Deutsche Bank cut Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Bunzl Stock Down 0.2%

BZLFY opened at $19.31 on Wednesday. The company has a 50 day moving average of $18.30 and a 200 day moving average of $16.95. Bunzl has a 12 month low of $13.32 and a 12 month high of $19.73. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.61.

Bunzl Company Profile

Bunzl plc is a multinational distribution and services group that supplies businesses with a wide range of essential, non-food products. Its offerings include food packaging and disposable tableware, cleaning and hygiene supplies, personal protective equipment, safety products, healthcare supplies, and retail packaging. The company serves customers across sectors such as foodservice, grocery, retail, healthcare, and manufacturing. Alongside product distribution, Bunzl provides services including sourcing, inventory management, and logistics to help customers manage their supply needs.