Bunzl (OTCMKTS:BZLFY) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Bunzl plc (OTCMKTS:BZLFYGet Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $41.73 and traded as low as $20.17. Bunzl shares last traded at $21.22, with a volume of 27,868 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on BZLFY. Royal Bank of Canada upgraded shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. HSBC downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Hsbc Global Res cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Get Our Latest Stock Analysis on Bunzl

Bunzl Stock Performance

The business has a 50 day moving average of $38.49 and a 200-day moving average of $41.45.

Bunzl Company Profile

(Get Free Report)

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.

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