Bunzl plc (OTCMKTS:BZLFY – Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 9,600 shares, a growth of 2,300.0% from the February 13th total of 400 shares. Based on an average trading volume of 100,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
Bunzl Trading Down 1.0 %
OTCMKTS BZLFY traded down $0.20 during trading on Wednesday, reaching $19.15. The company’s stock had a trading volume of 63,943 shares, compared to its average volume of 50,942. The firm has a fifty day moving average of $20.79 and a 200 day moving average of $34.21. Bunzl has a one year low of $18.30 and a one year high of $24.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on BZLFY shares. Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. Peel Hunt upgraded Bunzl to a “moderate buy” rating in a research report on Wednesday, March 5th. Citigroup upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Hsbc Global Res cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, HSBC cut shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
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.
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