Bunzl (OTCMKTS:BZLFY) Hits New 1-Year Low – Time to Sell?

Bunzl PLC (OTCMKTS:BZLFY) shares reached a new 52-week low on Friday . The company traded as low as $14.31 and last traded at $14.33, with a volume of 17547 shares trading hands. The stock had previously closed at $14.56.

Analysts Set New Price Targets

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

Bunzl Stock Performance

The company has a quick ratio of 0.77, a current ratio of 1.36 and a debt-to-equity ratio of 0.69. The business’s fifty day simple moving average is $16.10 and its 200-day simple moving average is $15.94.

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.