Bunzl (OTCMKTS:BZLFY) Shares Gap Up – Should You Buy?

Bunzl PLC (OTCMKTS:BZLFY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $15.53, but opened at $16.36. Bunzl shares last traded at $16.37, with a volume of 677 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Bunzl presently has an average rating of “Hold”.

Bunzl Price Performance

The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $15.89 and its 200-day moving average is $14.88.

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.