Bunzl (OTCMKTS:BZLFY) Sets New 12-Month High – Still a Buy?

Shares of Bunzl PLC (OTCMKTS:BZLFY) reached a new 52-week high on Friday . The company traded as high as $18.01 and last traded at $17.95, with a volume of 1801 shares trading hands. The stock had previously closed at $17.88.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Bunzl in a research note on Thursday, June 25th. Royal Bank Of Canada restated a “sector perform” rating on shares of Bunzl in a research note on Tuesday. Barclays downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, BNP Paribas Exane raised Bunzl from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Bunzl Stock Performance

The firm’s 50 day simple moving average is $16.71 and its 200 day simple moving average is $15.41. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.62.

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.