Bunzl (OTCMKTS:BZLFY) Rating Increased to Moderate Buy at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Bunzl (OTCMKTS:BZLFY) from a hold rating to a moderate buy rating in a research note released on Monday,Zacks.com reports.

Several other analysts have also recently commented on the company. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Hsbc Global Res cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Bunzl Stock Performance

OTCMKTS:BZLFY opened at $21.45 on Monday. Bunzl has a 12-month low of $18.30 and a 12-month high of $24.57. The company’s 50-day moving average is $42.51 and its two-hundred day moving average is $42.45.

Bunzl Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Friday, November 15th will be given a dividend of $0.2511 per share. The ex-dividend date is Friday, November 15th.

About Bunzl

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.