Berenberg Bank Downgrades Unilever to Hold (ULVR)
Unilever (LON:ULVR) was downgraded by equities researchers at Berenberg Bank to a “hold” rating in a research report issued on Thursday, ARN reports. They currently have a GBX 2,700 ($44.28) target price on the stock, down from their previous target price of GBX 2,900 ($47.56). Berenberg Bank’s price objective indicates a potential upside of 13.07% from the stock’s previous close.
Shares of Unilever (LON:ULVR) opened at 2388.00 on Thursday. Unilever has a 52 week low of GBX 2312.00 and a 52 week high of GBX 2908.00. The stock has a 50-day moving average of GBX 2438.35 and a 200-day moving average of GBX 2520.10. The company’s market cap is £67.793 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital downgraded shares of Unilever to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever in a research note to investors on Monday, January 6th. They now have a GBX 3,050 ($50.02) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Unilever in a research note to investors on Friday, December 6th. They now have a GBX 2,170 ($35.59) price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,696.67 ($44.23).
Unilever PLC (LON:ULVR), is a supplier of fast moving consumer goods.
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