Unilever Given “Overweight” Rating at Barclays (ULVR)
Unilever (LON:ULVR)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research report issued on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 2,800 ($46.14) price objective on the stock. Barclays’ target price suggests a potential upside of 15.13% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon cut their price target on shares of Unilever from GBX 2,525 ($41.61) to GBX 2,280 ($37.57) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Unilever in a research note to investors on Thursday. They now have a GBX 2,170 ($35.76) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Unilever to an “underweight” rating in a research note to investors on Wednesday. They now have a GBX 2,300 ($37.90) price target on the stock, down previously from GBX 2,600 ($42.85). Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,656.82 ($43.78).
Unilever (LON:ULVR) traded down 0.33% on Friday, hitting GBX 2424.00. The stock had a trading volume of 3,686,444 shares. 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 2430. and a 200-day moving average of GBX 2514.12. The company’s market cap is £68.815 billion.
Unilever PLC (LON:ULVR), is a supplier of fast moving consumer goods.
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