Bunzl (OTCMKTS:BZLFY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Bunzl (OTCMKTS:BZLFY) from a sell rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Bunzl Plc operates in two business areas; Outsourcing Services and Filtrona. As an international componay Bunzl has developed sound partnerships with both suppliers and customers by providing outsourcing solutions and customer service oriented distribution and light manufacture, primarily of plastic and paper based products. “

BZLFY has been the subject of several other research reports. Credit Suisse Group cut Bunzl from a neutral rating to an underperform rating in a research note on Thursday, May 2nd. Goldman Sachs Group raised Bunzl from a neutral rating to a buy rating in a research note on Thursday, May 30th.

BZLFY stock opened at $27.76 on Friday. The stock’s fifty day simple moving average is $27.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.86 and a current ratio of 1.43. The firm has a market capitalization of $9.13 billion, a PE ratio of 16.14 and a beta of 0.68. Bunzl has a 52-week low of $25.95 and a 52-week high of $33.85.

About Bunzl

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

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