Bunzl plc (OTCMKTS:BZLFY) Receives Average Rating of “Buy” from Analysts

Bunzl plc (OTCMKTS:BZLFY) has received an average recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company.

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Barclays raised Bunzl from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Peel Hunt downgraded Bunzl from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Hsbc Global Res upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 20th.

Bunzl Stock Up 0.7%

Shares of BZLFY opened at $16.89 on Thursday. The company’s 50 day simple moving average is $17.66 and its 200-day simple moving average is $23.96. Bunzl has a 12-month low of $14.76 and a 12-month high of $24.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 1.15.

Bunzl Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, May 26th will be paid a dividend of $0.3289 per share. This represents a dividend yield of 2.63%. This is a positive change from Bunzl’s previous dividend of $0.25. The ex-dividend date is Friday, May 23rd.

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.