Bunzl (OTCMKTS:BZLFY) Shares Gap Down – What’s Next?

Shares of Bunzl PLC (OTCMKTS:BZLFY) gapped down prior to trading on Thursday . The stock had previously closed at $17.17, but opened at $16.35. Bunzl shares last traded at $16.39, with a volume of 2,386 shares.

Analyst Ratings Changes

Several analysts recently commented on BZLFY shares. BNP Paribas Exane raised Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Barclays lowered Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Bunzl Stock Performance

The business’s 50-day simple moving average is $16.30 and its 200 day simple moving average is $15.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39.

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.