Bunzl (OTCMKTS:BZLFY) Reaches New 12-Month Low - Should You Sell?

Bunzl plc (OTCMKTS:BZLFY - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.76 and last traded at $15.20, with a volume of 195856 shares. The stock had previously closed at $20.35.

Analysts Set New Price Targets

A number of research analysts recently commented on BZLFY shares. Deutsche Bank Aktiengesellschaft upgraded Bunzl from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Hsbc Global Res upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 20th. Barclays upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Citigroup upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. 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 issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bunzl has an average rating of "Buy".

Bunzl Trading Up 0.1 %

The business's 50 day moving average is $19.58 and its two-hundred day moving average is $28.59. The company has a current ratio of 1.15, a quick ratio of 0.75 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.