Bunzl (OTCMKTS:BZLFY) Upgraded at Hsbc Global Res

Bunzl (OTCMKTS:BZLFY) was upgraded by equities researchers at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other analysts also recently commented on the company. Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Citigroup raised Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Peel Hunt upgraded shares of Bunzl to a “moderate buy” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bunzl currently has an average rating of “Buy”.

Bunzl Stock Performance

Shares of OTCMKTS BZLFY opened at $19.15 on Thursday. The firm’s 50 day moving average price is $20.59 and its 200-day moving average price is $32.89. Bunzl has a 52-week low of $18.30 and a 52-week high of $24.57. The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 0.39.

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.