Unilever Downgraded by UBS AG to Neutral (UL)
Unilever (NYSE:UL) was downgraded by stock analysts at UBS AG from a “buy” rating to a “neutral” rating in a report issued on Wednesday, American Banking & Market News reports.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Unilever (NYSE:UL) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 9th. Separately, analysts at Zacks downgraded shares of Unilever (NYSE:UL) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 2nd. They now have a $35.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Unilever (NYSE:UL) from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $36.17.
Unilever (NYSE:UL) traded down 1.67% on Wednesday, hitting $37.69. The stock had a trading volume of 565,500 shares. Unilever has a 1-year low of $35.96 and a 1-year high of $43.88. The stock has a 50-day moving average of $39.50 and a 200-day moving average of $41.28. The company has a market cap of $107.0 billion and a P/E ratio of 18.05.
Unilever plc is one of the parent companies of the Unilever group (NYSE:UL), which is a supplier of consumer goods.
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