Morgan Stanley Cuts Bunzl (OTCMKTS:BZLFY) Price Target to GBX 2,250 – MarketBeat

Written by Amanda

Bunzl (OTCMKTS:BZLFYGet Rating) had its price target decreased by Morgan Stanley from GBX 2,530 ($30.99) to GBX 2,250 ($27.56) in a report issued on Friday, The Fly reports.

Several other equities analysts have also recently weighed in on the company. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a report on Friday, March 25th. Barclays boosted their price objective on Bunzl from GBX 2,800 ($34.30) to GBX 2,935 ($35.95) in a report on Tuesday, March 1st. Credit Suisse Group boosted their price objective on Bunzl from GBX 2,900 ($35.52) to GBX 3,050 ($37.36) in a report on Thursday, April 21st. Finally, Berenberg Bank cut Bunzl from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bunzl currently has a consensus rating of “Hold” and a consensus target price of $2,733.75.

Bunzl stock traded up $0.10 during mid-day trading on Friday, hitting $31.55. 49,738 shares of the company’s stock were exchanged, compared to its average volume of 79,958. Bunzl has a fifty-two week low of $31.18 and a fifty-two week high of $41.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.80 and a current ratio of 1.34. The company’s 50 day simple moving average is $35.93 and its 200-day simple moving average is $37.57.


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Bunzl Company Profile (Get Rating)

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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Source: marketbeat.com

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