Short Interest in Bunzl plc (OTCMKTS:BZLFY) Drops By 13.6%

Bunzl plc (OTCMKTS:BZLFYGet Rating) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 16,500 shares, a decrease of 13.6% from the July 31st total of 19,100 shares. Based on an average daily trading volume, of 59,500 shares, the short-interest ratio is presently 0.3 days.

Bunzl Stock Performance

Bunzl stock opened at $33.16 on Thursday. Bunzl has a 52-week low of $31.18 and a 52-week high of $41.45. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average is $35.60 and its 200 day moving average is $36.59.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Bunzl from GBX 2,530 ($30.57) to GBX 2,250 ($27.19) in a research report on Friday, June 24th. Jefferies Financial Group cut shares of Bunzl from a “buy” rating to a “hold” rating in a report on Friday, August 19th. JPMorgan Chase & Co. lifted their price target on Bunzl from GBX 3,200 ($38.67) to GBX 3,250 ($39.27) in a research report on Wednesday. Finally, Credit Suisse Group lowered their target price on shares of Bunzl from GBX 3,050 ($36.85) to GBX 2,800 ($33.83) in a report on Friday, July 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Bunzl currently has an average rating of “Hold” and an average target price of $2,808.75.

About Bunzl

(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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