It seems a good timing to take advantage of the uptrend on the stock.
The company has good ratings both in term of investment and in term of trading opportunity.
Bunzl is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, with the current test of the mid-term support and a bullish trendline, the stock could rebound in the next trading sessions.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Bunzl. The objectives will be set at GBp 1450. The stop loss will be triggered below the GBp 1376 support.
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 
