Bunzl (OTCMKTS:BZLFY) Hits New 12-Month Low - Here's Why

Bunzl plc (OTCMKTS:BZLFY - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $18.17 and last traded at $18.39, with a volume of 73058 shares. The stock had previously closed at $19.31.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BZLFY shares. Citigroup upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Royal Bank of Canada raised shares of Bunzl from a "hold" rating to a "moderate buy" rating in a report on Monday, December 16th. Hsbc Global Res raised Bunzl from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 20th. Barclays upgraded Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Peel Hunt raised Bunzl to a "moderate buy" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Bunzl Stock Performance

The firm's 50 day simple moving average is $19.98 and its 200 day simple moving average is $29.51. The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 0.39.

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.