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

Bunzl PLC (OTCMKTS:BZLFY) saw an uptick in trading volume on Thursday . 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bunzl in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft lowered Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, August 12th. BNP Paribas Exane cut Bunzl from an “outperform” rating to a “neutral” rating in a research note on Friday, September 4th. Sanford C. Bernstein downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Bunzl Trading Down 0.4%

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 company’s fifty day simple moving average is $18.50 and its 200-day simple moving average is $16.93.

About Bunzl

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.