Bunzl (OTCMKTS:BZLFY) Cut to "Hold" at Royal Bank Of Canada

Royal Bank Of Canada cut shares of Bunzl (OTCMKTS:BZLFY - Free Report) from a moderate buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other equities analysts have also recently commented on BZLFY. Barclays upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Hsbc Global Res upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Bunzl from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, Peel Hunt cut shares of Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Bunzl presently has an average rating of "Moderate Buy".

Bunzl Stock Performance

OTCMKTS:BZLFY traded up $0.31 during trading hours on Tuesday, hitting $15.21. 75,683 shares of the company traded hands, compared to its average volume of 86,780. Bunzl has a twelve month low of $14.76 and a twelve month high of $24.57. The firm has a 50-day moving average of $16.02 and a 200 day moving average of $19.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.76.

Bunzl Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, May 26th will be paid a $0.3289 dividend. This is a boost from Bunzl's previous dividend of $0.25. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend 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.