Bunzl (OTCMKTS:BZLFY) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Bunzl plc (OTCMKTS:BZLFY)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $29.08 and traded as low as $21.13. Bunzl shares last traded at $21.18, with a volume of 31,642 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BZLFY shares. Hsbc Global Res lowered Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th. Citigroup upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, HSBC lowered shares of Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Bunzl Stock Performance

The company has a fifty day moving average of $29.08 and a 200-day moving average of $39.14. The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 0.39.

Bunzl Company Profile

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.