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

Citigroup upgraded shares of Bunzl (OTCMKTS:BZLFY) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Hsbc Global Res lowered shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upgraded shares of Bunzl from a “hold” rating to a “moderate buy” rating in a report on Monday, December 16th. Finally, HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Bunzl Trading Up 0.7 %

Shares of BZLFY stock opened at $20.44 on Monday. Bunzl has a 12 month low of $18.30 and a 12 month high of $24.57. The business’s 50 day moving average is $31.45 and its two-hundred day moving average 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.