Bunzl (OTCMKTS:BZLFY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Bunzl plc (OTCMKTS:BZLFY)’s share price 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BZLFY shares. HSBC downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Hsbc Global Res cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, 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.

Bunzl Trading Up 1.8 %

The business has a 50-day moving average of $39.54 and a 200-day moving average of $41.73.

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.