Bunzl (OTCMKTS:BZLFY) Shares Gap Up – Should You Buy?

Bunzl PLC (OTCMKTS:BZLFY) gapped up prior to trading on Tuesday . The stock had previously closed at $16.51, but opened at $17.11. Bunzl shares last traded at $17.21, with a volume of 3,219 shares trading hands.

Analyst Upgrades and Downgrades

BZLFY has been the topic of several research reports. BNP Paribas Exane upgraded Bunzl from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 9th. Barclays cut Bunzl from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Bunzl has an average rating of “Hold”.

Bunzl Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.39 and a quick ratio of 0.80. The firm’s 50-day moving average price is $16.31 and its two-hundred day moving average price is $15.11.

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.