Bunzl plc (OTCMKTS:BZLFY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.88 and traded as low as $16.53. Bunzl shares last traded at $16.55, with a volume of 116,403 shares traded.
Analysts Set New Price Targets
A number of analysts recently issued reports on BZLFY shares. Peel Hunt cut Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft upgraded Bunzl from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Barclays upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Hsbc Global Res upgraded Bunzl from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Bunzl has an average rating of "Buy".
Read Our Latest Stock Analysis on BZLFY
Bunzl Trading Up 0.7%
The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75. The business has a 50-day moving average price of $17.66 and a 200 day moving average price of $23.96.
Bunzl Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, May 26th will be given a $0.3289 dividend. This is an increase from Bunzl's previous dividend of $0.25. This represents a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, May 23rd.
About Bunzl
(
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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.
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