Bunzl (OTCMKTS:BZLFY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Bunzl plc (OTCMKTS:BZLFY)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $17.88 and traded as low as $16.53. Bunzl shares last traded at $16.55, with a volume of 116,403 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on BZLFY shares. Hsbc Global Res raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Peel Hunt cut shares of Bunzl from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Barclays raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Bunzl Trading Down 1.2%

The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average is $17.88 and its 200 day moving average is $24.90.

Bunzl Company Profile

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.