Bunzl (OTCMKTS:BZLFY) Hits New 1-Year High – Still a Buy?

Shares of Bunzl PLC (OTCMKTS:BZLFY) hit a new 52-week high during trading on Thursday . The stock traded as high as $18.89 and last traded at $18.89, with a volume of 3849 shares traded. The stock had previously closed at $18.70.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BZLFY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bunzl in a report on Tuesday, July 7th. Citigroup reiterated a “buy” rating on shares of Bunzl in a research note on Thursday, June 25th. Finally, BNP Paribas Exane raised shares of Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bunzl presently has an average rating of “Hold”.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.39 and a quick ratio of 0.80. The firm has a 50-day moving average of $17.43 and a 200 day moving average of $15.90.

About Bunzl

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.