Bunzl (OTCMKTS:BZLFY) Hits New 12-Month High – Should You Buy?

Shares of Bunzl PLC (OTCMKTS:BZLFY) hit a new 52-week high on Wednesday . The company traded as high as $19.07 and last traded at $19.01, with a volume of 1410 shares trading hands. The stock had previously closed at $18.8960.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BZLFY shares. BNP Paribas Exane raised Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Citigroup reiterated a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Bunzl in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average 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 business has a fifty day moving average of $17.67 and a 200 day moving average of $16.06.

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.