Citigroup Upgrades Bunzl (OTCMKTS:BZLFY) to “Strong-Buy”

Bunzl (OTCMKTS:BZLFY) was upgraded by Citigroup from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Hsbc Global Res downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. 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.

Bunzl Price Performance

Bunzl stock opened at $20.44 on Monday. Bunzl has a one year low of $18.30 and a one year high of $24.57. The stock’s 50 day moving average price is $31.45 and its 200 day moving average price is $39.76.

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.