Bunzl (OTCMKTS:BZLFY) Shares Gap Up – Here’s What Happened

Bunzl PLC (OTCMKTS:BZLFY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $16.51, but opened at $17.11. Bunzl shares last traded at $17.21, with a volume of 3,219 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BZLFY. BNP Paribas Exane upgraded shares of Bunzl from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 9th. Barclays lowered Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Bunzl Trading Up 4.6%

The stock’s fifty day moving average price is $16.31 and its 200 day moving average price is $15.11. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.62.

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.