Bunzl plc (OTCMKTS:BZLFY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.33 and traded as low as $16.28. Bunzl shares last traded at $16.32, with a volume of 71,451 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 20th. Peel Hunt lowered shares of Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 24th. Barclays raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Two 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 company's stock. According to data from MarketBeat.com, Bunzl currently has an average rating of "Buy".
Read Our Latest Report on BZLFY
Bunzl Stock Down 1.0%
The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average of $17.14 and a two-hundred day moving average of $22.16.
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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 2.63%. This is a positive change from Bunzl's previous dividend of $0.25.
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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