Bunzl (OTCMKTS:BZLFY) Sets New 52-Week High – Here’s What Happened

Bunzl PLC (OTCMKTS:BZLFY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.73 and last traded at $17.62, with a volume of 8727 shares. The stock had previously closed at $17.46.

Analyst Ratings Changes

A number of equities research analysts recently commented on BZLFY shares. BNP Paribas Exane upgraded shares of Bunzl from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 9th. Citigroup restated a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. Finally, Barclays downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Bunzl Stock 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 company has a 50 day moving average price of $16.50 and a 200-day moving average price of $15.24.

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.