Bunzl (OTCMKTS:BZLFY) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Bunzl PLC (OTCMKTS:BZLFY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.20 and traded as high as $18.91. Bunzl shares last traded at $18.91, with a volume of 12,157 shares.

Analysts Set New Price Targets

BZLFY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, August 12th. Citigroup reaffirmed a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. BNP Paribas Exane upgraded shares of Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bunzl in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Bunzl has an average rating of “Hold”.

Bunzl Stock Up 0.3%

The business has a 50-day simple moving average of $18.20 and a two-hundred day simple moving average of $16.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39.

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.