Bunzl (OTCMKTS:BZLFY) Sees Large Volume Increase – What’s Next?

Shares of Bunzl PLC (OTCMKTS:BZLFY) saw strong trading volume on Wednesday . 104,591 shares were traded during trading, an increase of 2% from the previous session’s volume of 102,566 shares.The stock last traded at $14.59 and had previously closed at $14.50.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group upgraded Bunzl to a “moderate sell” rating in a report on Wednesday, December 17th. BNP Paribas Exane downgraded Bunzl to a “neutral” rating in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Bunzl Price Performance

The firm’s fifty day moving average price is $14.17 and its two-hundred day moving average price is $15.13. The company has a current ratio of 1.36, a quick ratio of 0.77 and a debt-to-equity ratio of 0.69.

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.