Bunzl (OTCMKTS:BZLFY) Shares Gap Down – What’s Next?

Bunzl PLC (OTCMKTS:BZLFY) gapped down prior to trading on Wednesday . The stock had previously closed at $18.89, but opened at $18.31. Bunzl shares last traded at $18.3640, with a volume of 5,612 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BZLFY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft cut Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, August 12th. Sanford C. Bernstein downgraded Bunzl to a “market perform” rating in a research report on Wednesday. BNP Paribas Exane upgraded Bunzl from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 9th. Finally, Citigroup restated a “buy” rating on shares of Bunzl in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Bunzl Trading Down 0.5%

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.39 and a quick ratio of 0.80. The business has a 50-day simple moving average of $18.49 and a two-hundred day simple moving average of $16.66.

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.