Bunzl PLC (OTCMKTS:BZLFY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bunzl PLC (OTCMKTS:BZLFY) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company.

BZLFY has been the subject of a number of research reports. Hsbc Global Res upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 20th. Peel Hunt lowered Bunzl from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft raised Bunzl from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Royal Bank Of Canada lowered Bunzl from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Finally, Barclays raised Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st.

Bunzl Stock Up 0.3%

Shares of OTCMKTS BZLFY opened at $15.91 on Friday. Bunzl has a 1 year low of $14.76 and a 1 year high of $24.57. The stock has a fifty day moving average price of $15.92 and a two-hundred day moving average price of $18.58. The company has a quick ratio of 0.76, a current ratio of 1.18 and a debt-to-equity ratio of 0.49.

Bunzl Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, May 26th will be given a $0.3289 dividend. This is a positive change from Bunzl’s previous dividend of $0.25. This represents a yield of 2.63%. The ex-dividend date is Friday, May 23rd.

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.