Bunzl (OTCMKTS:BZLFY) Share Price Crosses Below Fifty Day Moving Average - Should You Sell?

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $15.93 and traded as low as $15.23. Bunzl shares last traded at $15.24, with a volume of 36,371 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Peel Hunt downgraded shares of Bunzl from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Hsbc Global Res raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 20th. Finally, Royal Bank Of Canada lowered shares of Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Bunzl Price Performance

The business's 50 day simple moving average is $15.89 and its 200-day simple moving average is $18.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 1.18.

Bunzl Increases Dividend

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

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.