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Bunzl (OTCMKTS:BZLFY) Share Price Passes Above 50-Day Moving Average - What's Next?

Bunzl logo with Consumer Staples background

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.92 and traded as high as $16.03. Bunzl shares last traded at $15.91, with a volume of 23,558 shares.

Analyst Ratings Changes

BZLFY has been the subject of several recent research reports. Hsbc Global Res raised Bunzl from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 20th. Peel Hunt lowered Bunzl from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 24th. Royal Bank Of Canada lowered Bunzl from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 17th. Deutsche Bank Aktiengesellschaft raised Bunzl from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Barclays raised Bunzl from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Bunzl currently has a consensus rating of "Moderate Buy".

Read Our Latest Research Report on Bunzl

Bunzl Stock Down 1.3%

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.76. The company has a 50-day simple moving average of $15.93 and a two-hundred day simple moving average of $18.47.

Bunzl Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, May 26th will be given a $0.3289 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 2.63%. This is an increase from Bunzl's previous dividend of $0.25.

About Bunzl

(Get Free Report)

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.

Further Reading

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