Bunzl (OTCMKTS:BZLFY) Shares Gap Down – Here’s Why

Bunzl PLC (OTCMKTS:BZLFY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $18.89, but opened at $18.31. Bunzl shares last traded at $18.3640, with a volume of 5,612 shares traded.

Wall Street Analyst Weigh In

BZLFY has been the subject of several research analyst reports. BNP Paribas Exane upgraded Bunzl from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 9th. Sanford C. Bernstein downgraded shares of Bunzl to a “market perform” rating in a research report on Wednesday. Royal Bank Of Canada restated a “sector perform” rating on shares of Bunzl in a research report on Tuesday, July 7th. Citigroup reiterated a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Bunzl Trading Down 0.5%

The business’s 50 day simple moving average is $18.49 and its 200-day simple moving average is $16.66. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.62.

About Bunzl

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.