Bunzl plc (OTCMKTS:BZLFY) Receives Average Rating of “Buy” from Analysts

Bunzl plc (OTCMKTS:BZLFY) has earned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating on the company.

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Hsbc Global Res raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 20th. Barclays raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Finally, Peel Hunt downgraded shares of Bunzl from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 24th.

Bunzl Price Performance

BZLFY stock opened at $15.49 on Monday. Bunzl has a 1 year low of $14.76 and a 1 year high of $24.57. The firm has a 50-day moving average of $16.44 and a 200 day moving average of $20.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75.

Bunzl Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, May 26th will be paid a dividend of $0.3289 per share. This is an increase from Bunzl’s previous dividend of $0.25. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 2.63%.

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.