Bunzl (OTCMKTS:BZLFY) Stock Price Crosses Above 50 Day Moving Average of $34.29

Posted by MarketBeat News on Aug 5th, 2022

Shares of Bunzl plc (OTCMKTS:BZLFY – Get Rating) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $34.29 and traded as high as $37.69. Bunzl shares last traded at $37.59, with a volume of 12,068 shares trading hands.

Analyst Upgrades and Downgrades

BZLFY has been the topic of several analyst reports. Credit Suisse Group lowered their price target on Bunzl from GBX 3,050 ($37.37) to GBX 2,800 ($34.31) in a report on Friday, July 1st. Morgan Stanley lowered their price target on Bunzl from GBX 2,530 ($31.00) to GBX 2,250 ($27.57) in a report on Friday, June 24th. Finally, Berenberg Bank downgraded Bunzl from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Bunzl currently has a consensus rating of “Hold” and an average target price of $2,671.25.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.80 and a current ratio of 1.34. The stock’s 50 day simple moving average is $34.29 and its two-hundred day simple moving average is $36.67.

Bunzl Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, May 20th were paid a dividend of $0.5104 per share. The ex-dividend date of this dividend was Thursday, May 19th. This represents a yield of 2%.

Bunzl Company Profile

(Get Rating)

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.