Bunzl (OTCMKTS:BZLFY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Bunzl plc (OTCMKTS:BZLFY)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $19.93 and traded as high as $20.44. Bunzl shares last traded at $20.35, with a volume of 63,836 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on BZLFY shares. Peel Hunt upgraded shares of Bunzl to a “moderate buy” rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Bunzl from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Hsbc Global Res upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 20th. Citigroup raised Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Barclays raised Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Bunzl currently has a consensus rating of “Buy”.

Bunzl Stock Up 1.1 %

The company’s 50 day simple moving average is $19.93 and its 200 day simple moving average is $29.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75.

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.