Bunzl plc (OTCMKTS:BZLFY) Receives Consensus Recommendation of “Hold” from Brokerages

Bunzl plc (OTCMKTS:BZLFYGet Rating) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $2,678.33.

BZLFY has been the subject of several analyst reports. HSBC downgraded Bunzl from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. Morgan Stanley lifted their price target on Bunzl from GBX 2,350 ($30.58) to GBX 2,400 ($31.23) and gave the company an “underweight” rating in a research report on Friday, January 14th. Berenberg Bank downgraded Bunzl from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Zacks Investment Research downgraded Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Finally, Barclays lifted their price target on Bunzl from GBX 2,800 ($36.43) to GBX 2,935 ($38.19) in a research report on Tuesday, March 1st.

OTCMKTS BZLFY traded up $0.55 during trading hours on Tuesday, hitting $40.60. The company had a trading volume of 25,530 shares, compared to its average volume of 37,676. Bunzl has a 52 week low of $31.41 and a 52 week high of $41.45. The firm has a 50 day simple moving average of $38.35 and a 200 day simple moving average of $37.94. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.65.

About Bunzl (Get Rating)

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.

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Analyst Recommendations for Bunzl (OTCMKTS:BZLFY)

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