Bunzl (OTCMKTS:BZLFY) Raised to Hold at Zacks Investment Research

Bunzl (OTCMKTS:BZLFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Bunzl Plc operates in two business areas; Outsourcing Services and Filtrona. As an international componay Bunzl has developed sound partnerships with both suppliers and customers by providing outsourcing solutions and customer service oriented distribution and light manufacture, primarily of plastic and paper based products. “

A number of other research analysts have also commented on the company. Credit Suisse Group lowered Bunzl from a “neutral” rating to an “underperform” rating in a report on Thursday, May 2nd. Goldman Sachs Group upgraded Bunzl from a “neutral” rating to a “buy” rating in a research note on Thursday, May 30th.

Shares of BZLFY stock traded down $0.24 during trading hours on Friday, reaching $25.94. 14,985 shares of the company’s stock were exchanged, compared to its average volume of 28,800. Bunzl has a fifty-two week low of $24.85 and a fifty-two week high of $33.85. The company has a market capitalization of $8.79 billion, a PE ratio of 15.08 and a beta of 0.64. The business’s fifty day simple moving average is $26.91. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 0.86.

Bunzl Company Profile

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

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