Unilever Given “Sell” Rating at Prime Markets (ULVR)
Unilever (LON:ULVR)‘s stock had its “sell” rating reaffirmed by analysts at Prime Markets in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 2,150 ($35.29) price objective on the stock. Prime Markets’ target price suggests a potential downside of 13.31% from the company’s current price.
Shares of Unilever (LON:ULVR) traded up 1.76% during mid-day trading on Tuesday, hitting GBX 2480.00. The stock had a trading volume of 5,574,582 shares. Unilever has a 52-week low of GBX 2311.50 and a 52-week high of GBX 2908.00. The stock has a 50-day moving average of GBX 2429. and a 200-day moving average of GBX 2508.. The company’s market cap is £70.405 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be given a dividend of GBX 22.22 ($0.36) per share. This represents a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 5th.
A number of other analysts have also recently weighed in on ULVR. Analysts at RBC Capital reiterated an “underperform” rating on shares of Unilever in a research note to investors on Tuesday. They now have a GBX 2,600 ($42.68) price target on the stock. Separately, 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 ($50.07) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Unilever in a research note to investors on Friday. They now have a GBX 2,800 ($45.96) price target on the stock. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 2,627.16 ($43.12).
Unilever PLC (LON:ULVR), is a supplier of fast moving consumer goods.
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