Bunzl (OTCMKTS:BZLFY) Reaches New 52-Week High – Here’s Why

Shares of Bunzl PLC (OTCMKTS:BZLFY) reached a new 52-week high on Friday . The company traded as high as $18.01 and last traded at $17.95, with a volume of 1801 shares trading hands. The stock had previously closed at $17.88.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bunzl in a research note on Tuesday. Citigroup reissued a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. Finally, BNP Paribas Exane upgraded shares of Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Bunzl Price Performance

The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average price is $16.71 and its 200 day moving average price is $15.41.

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.