Bunzl (OTCMKTS:BZLFY) Sets New 1-Year Low – What’s Next?

Shares of Bunzl PLC (OTCMKTS:BZLFY) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $13.46 and last traded at $13.6550, with a volume of 43656 shares trading hands. The stock had previously closed at $13.85.

Wall Street Analyst Weigh In

BZLFY has been the topic of several research reports. Jefferies Financial Group upgraded Bunzl to a “moderate sell” rating in a research report on Wednesday, December 17th. BNP Paribas downgraded shares of Bunzl to a “neutral” rating in a research note on Monday. Finally, The Goldman Sachs Group upgraded Bunzl to a “hold” rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bunzl Stock Up 0.5%

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.77 and a current ratio of 1.36. The business’s 50-day moving average price is $14.40 and its 200-day moving average price is $15.48.

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.