Bunzl (OTCMKTS:BZLFY) Stock Rating Upgraded by Hsbc Global Res

Bunzl (OTCMKTS:BZLFY) was upgraded by equities research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

BZLFY has been the subject of several other reports. Peel Hunt upgraded Bunzl to a “moderate buy” rating in a research report on Wednesday, March 5th. HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Citigroup upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Bunzl Price Performance

Shares of Bunzl stock opened at $19.15 on Thursday. Bunzl has a fifty-two week low of $18.30 and a fifty-two week high of $24.57. The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $20.59 and a 200 day moving average of $32.89.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.