Bunzl (OTCMKTS:BZLFY) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Bunzl (OTCMKTS:BZLFY) from a hold rating to a moderate buy rating in a report released on Monday morning,Zacks.com reports.

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

Bunzl Price Performance

OTCMKTS BZLFY opened at $21.22 on Monday. The business’s 50-day moving average price is $42.04 and its 200 day moving average price is $42.34. Bunzl has a 52-week low of $18.30 and a 52-week high of $24.57.

Bunzl Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, November 15th will be issued a $0.2511 dividend. The ex-dividend date is Friday, November 15th.

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.