Bunzl (OTCMKTS:BZLFY) Reaches New 52-Week High - Still a Buy?

Key Points

• Bunzl shares reached a new 52-week high, trading as high as $19.51 and last changing hands at $19.43, above the prior close of $19.26.
• Analyst sentiment is mixed but leans cautious: five analysts rate the stock Hold, while one rates it Strong Buy and another Buy, resulting in an average MarketBeat rating of Hold.
• Bunzl’s shares remain above their moving averages, with 50-day and 200-day averages of $18.22 and $16.71, respectively. The company distributes essential business supplies, including packaging, hygiene products, protective equipment and healthcare consumables.

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report)'s stock price hit a new 52-week high during trading on Monday. The stock traded as high as $19.51 and last traded at $19.43, with a volume of 11,212 shares changing hands. The stock had previously closed at $19.26.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BZLFY. BNP Paribas Exane lowered shares of Bunzl from an "outperform" rating to a "neutral" rating in a report on Friday, September 4th. Deutsche Bank Aktiengesellschaft downgraded shares of Bunzl from a "buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Royal Bank Of Canada restated a "sector perform" rating on shares of Bunzl in a report on Tuesday, July 7th. Sanford C. Bernstein cut shares of Bunzl from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. Finally, Zacks Research upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Bunzl currently has an average rating of "Hold".

Bunzl Price Performance

The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average price of $18.22 and a 200-day moving average price of $16.71.

About Bunzl

Bunzl plc is a United Kingdom-based specialist distribution and services company that supplies essential products to businesses across a range of industries. Rather than manufacturing most of the products it sells, Bunzl provides sourcing, inventory management, logistics and other supply-chain services designed to help customers operate efficiently.

Its product portfolio includes foodservice packaging and disposables, cleaning and hygiene supplies, personal protective equipment, workplace safety products, healthcare consumables, catering equipment, retail packaging and related operating supplies.

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