Bunzl (OTCMKTS:BZLFY) Shares Gap Down – Here’s What Happened

Bunzl PLC (OTCMKTS:BZLFY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $18.89, but opened at $18.31. Bunzl shares last traded at $18.3640, with a volume of 5,612 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BZLFY shares. Citigroup restated a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. Sanford C. Bernstein downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, BNP Paribas Exane upgraded Bunzl from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39. The business’s 50 day moving average is $18.52 and its two-hundred day moving average is $16.71.

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.