Hsbc Global Res Upgrades Bunzl (OTCMKTS:BZLFY) to “Strong-Buy”

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

Several other equities analysts have also recently issued reports on BZLFY. Peel Hunt upgraded shares of Bunzl to a “moderate buy” rating in a research report on Wednesday, March 5th. Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a report on Monday, December 16th. Citigroup upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, HSBC cut Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a hold rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Bunzl Trading Down 1.1 %

OTCMKTS:BZLFY opened at $19.15 on Thursday. 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 firm’s fifty day simple moving average is $20.59 and its 200 day simple moving average is $32.89. Bunzl has a twelve month low of $18.30 and a twelve month high of $24.57.

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.