Bunzl (OTCMKTS:BZLFY) Upgraded to “Strong-Buy” at Barclays

Barclays upgraded shares of Bunzl (OTCMKTS:BZLFY) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

A number of other research analysts also recently weighed in on BZLFY. Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. Citigroup raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. HSBC downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. 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, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Bunzl Price Performance

Bunzl stock opened at $18.86 on Monday. The firm has a 50-day moving average of $20.38 and a 200-day moving average of $31.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 1.15. Bunzl has a one year low of $18.30 and a one year high of $24.57.

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.