Unilever Price Target Lowered to GBX 2,500 at Citigroup Inc. (ULVR)
Equities research analysts at Citigroup Inc. lowered their price objective on shares of Unilever (LON:ULVR) from GBX 2,900 ($46.53) to GBX 2,500 ($40.11) in a research note issued to investors on Friday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 6.25% from the company’s current price.
A number of other firms have also recently commented on ULVR. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research note to investors on Thursday. Separately, analysts at Berenberg Bank cut their price target on shares of Unilever from GBX 3,000 ($48.13) to GBX 2,900 ($46.53) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Unilever in a research note to investors on Friday, October 4th. They now have a GBX 2,500 ($40.11) price target on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 2,768.40 ($44.42).
Shares of Unilever (LON:ULVR) opened at 2381.00 on Friday. Unilever has a one year low of GBX 2243.00 and a one year high of GBX 2908.00. The stock has a 50-day moving average of GBX 2538.18 and a 200-day moving average of GBX 2691.. The company’s market cap is £67.594 billion.
Unilever PLC (LON:ULVR), is a supplier of fast moving consumer goods.
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