Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 100.0% in April

Bunzl plc (OTCMKTS:BZLFY – Get Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 200 shares, a growth of 100.0% from the April 15th total of 100 shares. Based on an average daily volume of 101,100 shares, the short-interest ratio is currently 0.0 days.

A number of brokerages have recently commented on BZLFY. Credit Suisse Group upped their target price on Bunzl from GBX 2,900 ($35.75) to GBX 3,050 ($37.60) in a research note on Thursday, April 21st. Zacks Investment Research downgraded Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Berenberg Bank downgraded Bunzl from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a report on Friday, March 25th. Finally, Barclays increased their target price on Bunzl from GBX 2,800 ($34.52) to GBX 2,935 ($36.19) in a report on Tuesday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2,225.60.

OTCMKTS:BZLFY opened at $35.82 on Friday. Bunzl has a one year low of $31.59 and a one year high of $41.45. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average price of $38.57 and a 200 day moving average price of $38.38.

The business also recently declared a dividend, which will be paid on Friday, July 8th. Investors of record on Friday, May 20th will be issued a $0.5104 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a dividend yield of 2%.

Bunzl Company Profile (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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