Unilever PLC (NYSE:UL – Get Free Report) has received a consensus rating of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $68.37.
UL has been the subject of several research reports. UBS Group reaffirmed a “sell” rating on shares of Unilever in a report on Monday, August 3rd. Morningstar lowered shares of Unilever to a “hold” rating in a research note on Thursday, July 30th. TD Cowen cut their target price on shares of Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever in a research report on Thursday, September 24th.
View Our Latest Analysis on Unilever
Unilever Stock Performance
Shares of UL opened at $66.53 on Thursday. The business’s fifty day moving average price is $63.39 and its 200 day moving average price is $62.63. Unilever has a 12-month low of $54.75 and a 12-month high of $74.97.
Hedge Funds Weigh In On Unilever
Several institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC increased its holdings in Unilever by 674.2% during the first quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after buying an additional 2,433,625 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Unilever in the 1st quarter valued at about $67,107,000. Bank of America Corp DE boosted its holdings in shares of Unilever by 16.4% in the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock valued at $379,501,000 after buying an additional 937,346 shares in the last quarter. Royal Bank of Canada boosted its stake in 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 acquiring an additional 406,610 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich boosted its stake in Unilever by 26.0% in the first quarter. Munich Reinsurance Co Stock Corp in Munich now owns 1,554,524 shares of the company’s stock valued at $88,561,000 after acquiring an additional 320,304 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.
Unilever Company Profile
Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.
The company’s portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann’s and Ben & Jerry’s, although product offerings vary by market.
Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.
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