Bunzl (OTCMKTS:BZLFY) Reaches New 12-Month High – Here’s Why

Bunzl PLC (OTCMKTS:BZLFY)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $18.48 and last traded at $18.4630, with a volume of 30798 shares traded. The stock had previously closed at $18.2360.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. BNP Paribas Exane raised shares of Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Citigroup reiterated a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. Finally, Barclays cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Bunzl has an average rating of “Hold”.

Bunzl Trading Up 1.2%

The company has a 50-day simple moving average of $16.85 and a two-hundred day simple moving average of $15.52. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62.

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.