Bunzl (OTCMKTS:BZLFY) Hits New 1-Year High – Here’s What Happened

Bunzl PLC (OTCMKTS:BZLFYGet Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $19.07 and last traded at $19.01, with a volume of 1410 shares traded. The stock had previously closed at $18.8960.

Wall Street Analyst Weigh In

Several research firms have weighed in on BZLFY. Royal Bank Of Canada restated a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. BNP Paribas Exane upgraded shares of Bunzl from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 9th. Finally, Citigroup reissued a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Check Out Our Latest Research Report on BZLFY

Bunzl Trading Up 0.9%

The stock has a 50 day moving average of $17.55 and a 200 day moving average of $15.99. 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

(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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