Bunzl (OTCMKTS:BZLFY) Downgraded by Zacks Research to Hold

Bunzl (OTCMKTS:BZLFY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

A number of other brokerages have also recently issued reports on BZLFY. BNP Paribas Exane cut Bunzl from an “outperform” rating to a “neutral” rating in a research note on Friday, September 4th. Deutsche Bank lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Sanford C. Bernstein downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Bunzl Stock Performance

Shares of OTCMKTS BZLFY opened at $19.31 on Wednesday. Bunzl has a one year low of $13.32 and a one year high of $19.73. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average price is $18.30 and its 200-day moving average price is $16.95.

Bunzl Company Profile

Bunzl plc is a multinational distribution and services group that supplies businesses with a wide range of essential, non-food products. Its offerings include food packaging and disposable tableware, cleaning and hygiene supplies, personal protective equipment, safety products, healthcare supplies, and retail packaging. The company serves customers across sectors such as foodservice, grocery, retail, healthcare, and manufacturing. Alongside product distribution, Bunzl provides services including sourcing, inventory management, and logistics to help customers manage their supply needs.