Bunzl (OTCMKTS:BZLFY) Stock Rating Lowered by Royal Bank Of Canada

Bunzl (OTCMKTS:BZLFY) was downgraded by Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on BZLFY. Deutsche Bank Aktiengesellschaft upgraded Bunzl from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Hsbc Global Res upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 20th. Peel Hunt cut shares of Bunzl from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Barclays raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Bunzl currently has a consensus rating of “Buy”.

Bunzl Stock Down 3.6%

Shares of OTCMKTS BZLFY opened at $15.01 on Tuesday. Bunzl has a 12 month low of $14.76 and a 12 month high of $24.57. The company has a current ratio of 1.18, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $16.29 and a 200-day simple moving average of $19.94.

Bunzl Company Profile

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.