Bunzl (OTCMKTS:BZLFY) Reaches New 52-Week High – What’s Next?

Bunzl PLC (OTCMKTS:BZLFY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $18.48 and last traded at $18.4630, with a volume of 30798 shares changing hands. The stock had previously closed at $18.2360.

Analyst Ratings Changes

BZLFY has been the topic of a number of research reports. Barclays cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. BNP Paribas Exane raised shares of Bunzl from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bunzl in a research report on Tuesday, July 7th. Finally, Citigroup reissued a “buy” rating on shares of Bunzl in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bunzl currently has a consensus rating of “Hold”.

Bunzl Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39. The stock has a 50 day simple moving average of $16.85 and a 200-day simple moving average of $15.52.

About Bunzl

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.