Bunzl (OTCMKTS:BZLFY) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Bunzl PLC (OTCMKTS:BZLFY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.94 and traded as high as $18.7875. Bunzl shares last traded at $18.68, with a volume of 44,633 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on BZLFY. Deutsche Bank Aktiengesellschaft lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup reiterated a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. Finally, BNP Paribas Exane upgraded shares of Bunzl from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39. The firm has a 50 day simple moving average of $17.94 and a two-hundred day simple moving average of $16.21.

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.