Bunzl could exceed the symbolic threshold of GBp 1342.
From a fundamental viewpoint, the group is in a good financial situation. Sales are expected to increase by + 12.7% on the current year, with a ROE (return on equity) of 26.7%, underscoring its ability to generate profit.
Since several months, the stock has initiated a sharp bullish trend mainly due to strong fundamentals. The move could be continued, supported by the 20-week moving average, and return to its highest price levels.
Therefore, investors will benefit from the signal given by the crossing of the GBp 1342 resistance to take a long position in the stock. The objective will be set near GBp 1450, corresponding to the bullish trend line. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.
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 
