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

Shares of Bunzl PLC (OTCMKTS:BZLFY) hit a new 52-week high on Monday . The stock traded as high as $17.73 and last traded at $17.62, with a volume of 8727 shares trading hands. The stock had previously closed at $17.46.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of Bunzl in a research report on Thursday. BNP Paribas Exane raised Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Finally, Barclays lowered shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Bunzl Trading Up 1.0%

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.39 and a quick ratio of 0.80. The company has a 50-day moving average price of $16.44 and a 200-day moving average price of $15.20.

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.