Bunzl (OTCMKTS:BZLFY) Stock Crosses Above 50 Day Moving Average – What’s Next?

Bunzl PLC (OTCMKTS:BZLFY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.94 and traded as high as $18.7875. Bunzl shares last traded at $18.68, with a volume of 44,633 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have commented on BZLFY. Deutsche Bank Aktiengesellschaft downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. BNP Paribas Exane upgraded Bunzl from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Bunzl in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Bunzl Stock Up 0.8%

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.39 and a quick ratio of 0.80. The company has a 50-day moving average of $17.98 and a 200 day moving average of $16.24.

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.