Royal Bank of Canada Upgrades Bunzl (OTCMKTS:BZLFY) to “Moderate Buy”

Bunzl (OTCMKTS:BZLFY) was upgraded by equities research analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on BZLFY. HSBC downgraded Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Hsbc Global Res lowered shares of Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Bunzl Price Performance

Shares of BZLFY stock opened at $21.45 on Monday. Bunzl has a 52-week low of $18.30 and a 52-week high of $24.57. The business has a 50-day simple moving average of $42.51 and a 200-day simple moving average of $42.45.

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.