Bunzl (OTCMKTS:BZLFY) Sets New 52-Week High – Still a Buy?

Bunzl PLC (OTCMKTS:BZLFY) shares reached a new 52-week high on Thursday . The company traded as high as $18.89 and last traded at $18.89, with a volume of 3849 shares. The stock had previously closed at $18.70.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BNP Paribas Exane upgraded Bunzl from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 9th. Citigroup reissued a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Bunzl Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.62. The company’s 50 day simple moving average is $17.33 and its 200 day simple moving average is $15.85.

Bunzl Company Profile

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.