Bunzl (OTCMKTS:BZLFY) Shares Gap Up – Time to Buy?

Bunzl PLC (OTCMKTS:BZLFY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $16.51, but opened at $17.11. Bunzl shares last traded at $17.21, with a volume of 3,219 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BZLFY shares. Barclays downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. BNP Paribas Exane raised shares of Bunzl from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Bunzl Stock Up 2.4%

The company has a 50 day simple moving average of $16.37 and a 200 day simple moving average of $15.15. The company has a current ratio of 1.39, a quick ratio of 0.80 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.