Unilever PLC (NYSE:UL) Receives $65.55 Average Price Target from Brokerages

Shares of Unilever PLC (NYSE:ULGet Free Report) have been given an average recommendation of “Hold” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $65.55.

A number of brokerages have recently weighed in on UL. Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Finally, Zacks Research downgraded Unilever from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th.

Get Our Latest Stock Report on Unilever

Institutional Investors Weigh In On Unilever

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake in Unilever by 16.4% in the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after acquiring an additional 937,346 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Unilever during the 4th quarter worth $268,704,000. Raymond James Financial Inc. boosted its holdings in shares of Unilever by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company’s stock worth $236,526,000 after purchasing an additional 323,393 shares during the last quarter. Royal Bank of Canada grew its position in shares of Unilever by 13.6% in the first quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after purchasing an additional 406,610 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Unilever by 44.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company’s stock valued at $200,625,000 after purchasing an additional 942,286 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of NYSE UL opened at $60.92 on Tuesday. The company’s 50-day moving average price is $59.24 and its 200 day moving average price is $62.30. Unilever has a 52 week low of $54.75 and a 52 week high of $74.97.

About Unilever

(Get Free Report)

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.

Further Reading

Analyst Recommendations for Unilever (NYSE:UL)

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