Bunzl (OTCMKTS:BZLFY) Upgraded by Hsbc Global Res to Strong-Buy Rating

Hsbc Global Res upgraded shares of Bunzl (OTCMKTS:BZLFY - Free Report) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

BZLFY has been the subject of a number of other research reports. Citigroup raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. HSBC lowered shares of Bunzl from a "buy" rating to a "hold" rating in a report on Wednesday, December 4th. Peel Hunt upgraded shares of Bunzl to a "moderate buy" rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada raised shares of Bunzl from a "hold" rating to a "moderate buy" rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Bunzl Stock Performance

Shares of BZLFY traded down $0.13 during mid-day trading on Thursday, hitting $19.11. The stock had a trading volume of 27,039 shares, compared to its average volume of 55,829. Bunzl has a fifty-two week low of $18.30 and a fifty-two week high of $24.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75. The company's fifty day simple moving average is $20.55 and its two-hundred day simple moving average is $32.30.

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.