Bunzl (OTCMKTS:BZLFY) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Bunzl plc (OTCMKTS:BZLFYGet Free Report)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $35.44 and traded as low as $20.32. Bunzl shares last traded at $20.49, with a volume of 59,837 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BZLFY. Hsbc Global Res lowered Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada raised shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th.

Check Out Our Latest Report on Bunzl

Bunzl Stock Performance

The firm has a 50 day moving average of $35.44 and a 200-day moving average of $40.74.

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.

Further Reading

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