Bunzl (OTCMKTS:BZLFY) Cut to Hold at Barclays

Barclays lowered shares of Bunzl (OTCMKTS:BZLFY) from a strong-buy rating to a hold rating in a research note published on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on BZLFY. Jefferies Financial Group raised shares of Bunzl to a “moderate sell” rating in a research report on Wednesday, December 17th. BNP Paribas Exane cut Bunzl to a “neutral” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Bunzl Stock Performance

BZLFY opened at $14.54 on Thursday. Bunzl has a 52-week low of $13.32 and a 52-week high of $20.44. The company’s 50-day simple moving average is $14.48 and its two-hundred day simple moving average is $14.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.77 and a current ratio of 1.36.

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.