Bunzl (OTCMKTS:BZLFY) Sees Strong Trading Volume – Still a Buy?

Bunzl PLC (OTCMKTS:BZLFY – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 107,883 shares changed hands during trading, a decline of 2% from the previous session’s volume of 109,572 shares.The stock last traded at $17.12 and had previously closed at $17.20.

Analyst Ratings Changes

BZLFY has been the topic of a number of recent analyst reports. BNP Paribas Exane raised shares of Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Barclays downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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View Our Latest Analysis on BZLFY

Bunzl Stock Down 0.4%

The firm’s 50-day moving average price is $16.17 and its 200-day moving average price is $15.02. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.62.

About Bunzl

(Get Free Report)

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.

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