Bunzl (OTCMKTS:BZLFY) Sets New 12-Month High – What’s Next?

Bunzl PLC (OTCMKTS:BZLFY)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $18.48 and last traded at $18.4630, with a volume of 30798 shares traded. The stock had previously closed at $18.2360.

Wall Street Analysts Forecast Growth

BZLFY has been the subject of a number of recent research reports. BNP Paribas Exane upgraded Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Citigroup reiterated a “buy” rating on shares of Bunzl in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Bunzl in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Bunzl has a consensus rating of “Hold”.

Bunzl Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39. The business’s 50 day simple moving average is $16.94 and its 200 day simple moving average is $15.58.

About Bunzl

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.