Bunzl (OTCMKTS:BZLFY) Shares Pass Above 50 Day Moving Average - Should You Sell?

Key Points

• Bunzl PLC shares have recently surpassed their fifty-day moving average of $15.77, with shares trading at $15.80 as of Thursday.
• The company announced an increase in dividends, raising the payout to $0.3289 per share, resulting in a dividend yield of 2.63%.
• Analyst ratings are mixed, with four analysts rating the stock as a hold, while one has issued a buy and three have rated it a strong buy.

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.77 and traded as high as $15.90. Bunzl shares last traded at $15.80, with a volume of 36,354 shares changing hands.

Analyst Ratings Changes

BZLFY has been the topic of several recent analyst reports. Kepler Capital Markets raised Bunzl to a "hold" rating in a research note on Thursday, June 19th. Barclays raised Bunzl from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Peel Hunt downgraded Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada downgraded Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Four research 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Bunzl Trading Up 0.1%

The company has a fifty day moving average of $15.77 and a 200 day moving average of $18.03. The company has a current ratio of 1.18, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49.

Bunzl Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, May 26th were issued a dividend of $0.3289 per share. This is a boost from Bunzl's previous dividend of $0.25. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 2.63%.

Bunzl Company Profile

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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