Unilever Stock Rating Reaffirmed by HSBC (ULVR)
Unilever (LON:ULVR)‘s stock had its “overweight” rating reiterated by HSBC in a research note issued on Thursday, American Banking News.com reports. They currently have a GBX 2,760 ($45.27) price target on the stock. HSBC’s price objective would suggest a potential upside of 16.46% from the stock’s previous close.
ULVR has been the subject of a number of other recent research reports. Analysts at Berenberg Bank downgraded shares of Unilever to a “hold” rating in a research note to investors on Thursday. They now have a GBX 2,700 ($44.28) price target on the stock, down previously from GBX 2,900 ($47.56). Separately, analysts at Liberum Capital downgraded shares of Unilever to a “hold” rating in a research note to investors on Thursday. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever in a research note to investors on Monday. They now have a GBX 3,050 ($50.02) price target on the stock. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. Unilever has a consensus rating of “Hold” and an average target price of GBX 2,696.67 ($44.23).
Unilever (LON:ULVR) traded down 1.62% during mid-day trading on Thursday, hitting GBX 2370.00. 2,966,235 shares of the company’s stock traded hands. Unilever has a 52-week low of GBX 2312.00 and a 52-week high of GBX 2908.00. The stock’s 50-day moving average is GBX 2445.61 and its 200-day moving average is GBX 2522.87. The company’s market cap is £67.282 billion.
Unilever PLC (LON:ULVR), is a supplier of fast moving consumer goods.
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