Bunzl plc (OTCMKTS:BZLFY – Get Rating) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $31.98 and traded as high as $36.81. Bunzl shares last traded at $36.81, with a volume of 15,378 shares trading hands.
Analysts Set New Price Targets
BZLFY has been the subject of several analyst reports. Credit Suisse Group reiterated a “neutral” rating on shares of Bunzl in a report on Monday, November 14th. Jefferies Financial Group downgraded Bunzl from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Finally, JPMorgan Chase & Co. boosted their price target on Bunzl from GBX 3,200 ($37.84) to GBX 3,250 ($38.43) in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2,808.75.
Bunzl Trading Up 0.9 %
The company has a 50 day moving average of $31.98 and a two-hundred day moving average of $33.90.
Bunzl Cuts Dividend
Bunzl Plc provides distribution and outsourcing services. It supplies non-food products operating primarily in the foodservice, grocery, cleaning and safety, non-food retail and healthcare markets. The firm offers supply services, including procurement and inventory management. It supply consumable products such as food packaging, disposable tableware and catering equipment, cleaning and hygiene supplies, guest amenities, personal protection equipment, packaging and healthcare consumables to various customer markets including grocery, foodservice, cleaning and hygiene, safety, non-food retail and healthcare.
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