The upward trend could come to support Bunzl in the coming sessions.
The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.78x for the current year.
Bunzl is in an uptrend in the medium and long term, but the last bearish movement returns close to a major level, a convergent point of intermediary line and the 20 and 50-day moving averages. This threshold, if preserved, will enable to benefit from the bullish movement.
Investors could take a long position at the current price. It could be a basis for a purchase to target GBp 1167. A stop loss will be fixed below the entry point to limit the risk.
Bunzl plc specializes in the distribution of hygiene and safety packages, products, and materials. The group also offers packaging products, restaurant items (cutlery, glassware, kitchen utensils, etc.), cleaning products (soaps, detergents, toilet paper, custodial products, polishes, washing machines, etc.), and personal protection equipment (gloves, masks, clothing, etc.).
Net sales break down by sector into food services (29.8%), grocery stores (26.1%), safety (14.8%), retail (9.6%), hygiene and cleaning (9.3%), healthcare (7%), and other (3.4%).
Net sales are distributed geographically as follows: the United Kingdom and Ireland (12%), Continental Europe (18%), North America (61.2%) and other (8.8%).
BUNZL PLC 
