Bunzl PLC (OTCMKTS:BZLFY) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have given Bunzl a consensus rating of “Hold” from five covering firms, with recent downgrades including BNP Paribas Exane and Barclays (the latter cut from “strong-buy” to “hold”).
• Shares opened at $16.19 and were trading down about 1.1%, with a 52‑week range of $13.32–$17.73 and 50‑/200‑day moving averages of $15.21 and $14.77 respectively.
• Bunzl is a London‑based distribution and outsourcing specialist for non‑food consumables (PPE, cleaning, packaging, catering disposables) and shows a debt‑to‑equity of 0.62 with current/quick ratios of 1.39/0.80.

Shares of Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) have been assigned a consensus rating of "Hold" from the five ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation.

A number of equities research analysts have weighed in on the company. BNP Paribas Exane lowered Bunzl to a "neutral" rating in a report on Monday, January 5th. Barclays lowered Bunzl from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 19th.

Bunzl Trading Down 1.1%

OTCMKTS BZLFY opened at $16.19 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.39 and a quick ratio of 0.80. Bunzl has a 52-week low of $13.32 and a 52-week high of $17.73. The business's 50-day moving average price is $15.21 and its 200 day moving average price is $14.77.

Bunzl Company Profile

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company's product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.

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