Unilever Downgraded by Berenberg Bank to Hold (UL)
Unilever (NYSE:UL) was downgraded by stock analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a report issued on Thursday, AnalystRatingsNetwork reports.
Shares of Unilever (NYSE:UL) traded down 1.58% during mid-day trading on Thursday, hitting $39.20. The stock had a trading volume of 1,211,359 shares. Unilever has a one year low of $37.40 and a one year high of $43.88. The stock has a 50-day moving average of $40.11 and a 200-day moving average of $40.0. The company has a market cap of $111.3 billion and a P/E ratio of 18.76.
A number of other analysts have also recently weighed in on UL. Analysts at Zacks upgraded shares of Unilever from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 16th. They now have a $41.00 price target on the stock. Separately, analysts at Natixis upgraded shares of Unilever from a “reduce” rating to a “neutral” rating in a research note to investors on Friday, December 6th. Finally, analysts at Nomura downgraded shares of Unilever from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Unilever presently has a consensus rating of “Hold” and an average target price of $38.17.
Unilever plc is one of the parent companies of the Unilever group (NYSE:UL), which is a supplier of consumer goods.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.