Bunzl plc (OTCMKTS:BZLFY) Given Average Rating of "Buy" by Brokerages

Bunzl plc (OTCMKTS:BZLFY - Get Free Report) has earned a consensus rating of "Buy" from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two research 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 company.

A number of analysts recently commented on the company. Peel Hunt lowered Bunzl from a "moderate buy" rating to a "hold" rating in a research report on Thursday, April 24th. Hsbc Global Res upgraded Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft upgraded Bunzl from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Finally, Barclays upgraded Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st.

Bunzl Stock Up 0.3%

Bunzl stock opened at $15.48 on Monday. The stock has a 50-day simple moving average of $16.78 and a 200 day simple moving average of $21.19. The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 0.39. Bunzl has a 12-month low of $14.76 and a 12-month high of $24.57.

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 issued a dividend of $0.3289 per share. This represents a dividend yield of 2.63%. The ex-dividend date is Friday, May 23rd. This is a boost 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.

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