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
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.
- Get a free copy of the StockNews.com research report on Bunzl (BZLFY)
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