Bunzl (OTCMKTS:BZLFY) Sees Strong Trading Volume – Still a Buy?

Shares of Bunzl PLC (OTCMKTS:BZLFY) saw unusually-strong trading volume on Thursday . Approximately 167,210 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 80,806 shares.The stock last traded at $17.69 and had previously closed at $17.45.

Wall Street Analyst Weigh In

BZLFY has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. BNP Paribas Exane downgraded Bunzl from an “outperform” rating to a “neutral” rating in a research report on Friday, September 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft downgraded Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Citigroup reissued a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bunzl has an average rating of “Hold”.

Bunzl Trading Up 1.1%

The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $18.51 and its two-hundred day moving average price is $16.91.

Bunzl Company Profile

Bunzl plc is an international distribution and outsourcing company that supplies essential products and services to businesses across a range of industries. Its customers include organizations in the foodservice, retail, grocery, healthcare, hospitality, cleaning, safety and industrial sectors.

The company distributes products such as food packaging and disposable supplies, cleaning and hygiene products, personal protective equipment, catering equipment, workplace safety supplies, healthcare consumables and retail packaging.