Bunzl (BZLFY) Raised to Hold at Zacks Investment Research
Bunzl (OTCMKTS:BZLFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “Bunzl Plc operates in two business areas; Outsourcing Services and Filtrona. As an international componay Bunzl has developed sound partnerships with both suppliers and customers by providing outsourcing solutions and customer service oriented distribution and light manufacture, primarily of plastic and paper based products. “
Shares of BZLFY traded up $0.56 during trading hours on Friday, reaching $32.26. 429,659 shares of the stock traded hands, compared to its average volume of 9,664. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.33 and a quick ratio of 0.83. Bunzl has a 52 week low of $26.72 and a 52 week high of $31.98. The firm has a market capitalization of $10.71 billion, a P/E ratio of 21.08, a PEG ratio of 9.71 and a beta of 0.89.
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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