Bunzl (BZLFY) Stock Rating Upgraded by Zacks Investment Research

Bunzl (OTCMKTS:BZLFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $33.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.66% from the stock’s current price.

According to Zacks, “Bunzl Plc operates in two business areas; Outsourcing Services and Filtrona. As an international componay Bunzl has developed sound partnerships with both suppliers and customers by providing outsourcing solutions and customer service oriented distribution and light manufacture, primarily of plastic and paper based products. “

Separately, Goldman Sachs Group upgraded Bunzl from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th.

Shares of Bunzl (BZLFY) traded down $0.08 during trading on Thursday, reaching $28.78. The company had a trading volume of 18,134 shares, compared to its average volume of 27,683. Bunzl has a 1-year low of $26.63 and a 1-year high of $32.33. The company has a quick ratio of 0.82, a current ratio of 1.36 and a debt-to-equity ratio of 1.09.

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Bunzl Company Profile

Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.

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