Barclays Downgrades Bunzl (OTCMKTS:BZLFY) to Hold

Bunzl (OTCMKTS:BZLFY) was downgraded by research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on BZLFY. BNP Paribas Exane cut shares of Bunzl to a “neutral” rating in a research note on Monday, January 5th. Jefferies Financial Group upgraded shares of Bunzl to a “moderate sell” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Bunzl Trading Down 1.8%

Shares of BZLFY stock opened at $14.54 on Thursday. Bunzl has a 1 year low of $13.32 and a 1 year high of $20.44. The stock has a fifty day moving average of $14.48 and a two-hundred day moving average of $15.00. The company has a current ratio of 1.36, a quick ratio of 0.77 and a debt-to-equity ratio of 0.69.

Bunzl Company Profile

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.