Bunzl plc (OTCMKTS:BZLFY) Given Average Recommendation of “Hold” by Brokerages

Shares of Bunzl plc (OTCMKTS:BZLFY) have been given an average recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2,750.00.

Several equities research analysts recently weighed in on the stock. Barclays raised shares of Bunzl from an “underweight” rating to an “equal weight” rating in a report on Friday, October 6th. Royal Bank of Canada upped their price objective on shares of Bunzl from GBX 2,550 ($31.32) to GBX 2,600 ($31.93) in a report on Tuesday, September 5th.

Bunzl Trading Up 1.2 %

Bunzl stock opened at $36.66 on Friday. The company has a 50-day simple moving average of $35.76 and a 200-day simple moving average of $36.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 1.35. Bunzl has a one year low of $32.40 and a one year high of $41.00.

Bunzl Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.215 per share. The ex-dividend date is Thursday, November 16th.

About Bunzl

Bunzl Plc provides distribution and outsourcing services. It supplies non-food products operating primarily in the foodservice, grocery, cleaning and safety, non-food retail and healthcare markets. The firm offers supply services, including procurement and inventory management. It supply consumable products such as food packaging, disposable tableware and catering equipment, cleaning and hygiene supplies, guest amenities, personal protection equipment, packaging and healthcare consumables to various customer markets including grocery, foodservice, cleaning and hygiene, safety, non-food retail and healthcare.