Short Interest in Bunzl plc (OTCMKTS:BZLFY) Rises By 100.0%

Bunzl plc (OTCMKTS:BZLFYGet Rating) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 200 shares, a growth of 100.0% from the April 15th total of 100 shares. Based on an average daily trading volume, of 101,100 shares, the days-to-cover ratio is presently 0.0 days.

Several research analysts have commented on the stock. HSBC lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. Berenberg Bank lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Zacks Investment Research lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Morgan Stanley lifted their target price on Bunzl from GBX 2,350 ($28.97) to GBX 2,400 ($29.59) and gave the stock an “underweight” rating in a research report on Friday, January 14th. Finally, Credit Suisse Group upped their price target on shares of Bunzl from GBX 2,900 ($35.75) to GBX 3,050 ($37.60) in a report on Thursday, April 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2,225.60.

Shares of OTCMKTS:BZLFY traded up $0.63 during trading on Friday, reaching $35.82. 33,130 shares of the company were exchanged, compared to its average volume of 43,726. The business’s fifty day simple moving average is $38.57 and its 200-day simple moving average is $38.37. Bunzl has a 12-month low of $31.59 and a 12-month high of $41.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.80 and a current ratio of 1.34.

The company also recently announced a dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, May 20th will be paid a $0.5104 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a yield of 2%.

Bunzl Company Profile (Get Rating)

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.

Further Reading

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