Bunzl (OTCMKTS:BZLFY) Stock Rating Cut to “Hold” at Zacks Research

Bunzl (OTCMKTS:BZLFY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

Other equities analysts have also issued reports about the company. Deutsche Bank lowered Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, August 12th. BNP Paribas Exane lowered Bunzl from an “outperform” rating to a “neutral” rating in a report on Friday, September 4th. Finally, Sanford C. Bernstein cut Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Bunzl Stock Down 0.2%

Shares of BZLFY stock opened at $19.31 on Wednesday. Bunzl has a 52-week low of $13.32 and a 52-week high of $19.73. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $18.30 and a two-hundred day simple moving average of $16.95.

Bunzl Company Profile

Bunzl plc is a multinational distribution and services group that supplies businesses with a wide range of essential, non-food products. Its offerings include food packaging and disposable tableware, cleaning and hygiene supplies, personal protective equipment, safety products, healthcare supplies, and retail packaging. The company serves customers across sectors such as foodservice, grocery, retail, healthcare, and manufacturing. Alongside product distribution, Bunzl provides services including sourcing, inventory management, and logistics to help customers manage their supply needs.