5 February 2021 - TRADING BUY

The fall in the share price of consumer goods group Unilever yesterday, dropping 6.3%, has taken the shares to the lowest level since last May.  The decline followed the announcement of the annual results for 2020 which revealed a fall in profit margins which disappointed analysts.  Nevertheless, the group's long-term prospects look excellent and we believe the share price fall has been overdone.  The shares were 4460p less than two weeks ago and we believe the shares are a TRADING BUY with a short-term price target of  4450p - a . . .

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