Bunzl (OTCMKTS:BZLFY) Shares Gap Down – Time to Sell?

Bunzl PLC (OTCMKTS:BZLFY) gapped down prior to trading on Thursday . The stock had previously closed at $17.17, but opened at $16.35. Bunzl shares last traded at $16.39, with a volume of 2,386 shares trading hands.

Analysts Set New Price Targets

BZLFY has been the subject of a number of recent research reports. BNP Paribas Exane raised Bunzl from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 9th. Barclays downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Bunzl Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39. The business has a 50-day simple moving average of $16.25 and a two-hundred day simple moving average of $15.06.

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.