Bunzl (OTCMKTS:BZLFY) Stock Rating Upgraded by Hsbc Global Res

Hsbc Global Res upgraded shares of Bunzl (OTCMKTS:BZLFY) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on BZLFY. Citigroup raised Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. HSBC downgraded Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Royal Bank of Canada raised shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. Finally, Peel Hunt upgraded shares of Bunzl to a “moderate buy” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Bunzl currently has a consensus rating of “Buy”.

Bunzl Stock Performance

OTCMKTS:BZLFY opened at $19.15 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $20.59 and a 200-day simple moving average of $32.79. Bunzl has a 1-year low of $18.30 and a 1-year high of $24.57.

Bunzl Company Profile

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.