Unilever Given New GBX 2,350 Price Target at Credit Suisse (ULVR)
Equities research analysts at Credit Suisse lowered their price objective on shares of Unilever (LON:ULVR) from GBX 2,450 ($41.06) to GBX 2,350 ($39.38) in a research note issued to investors on Friday, StockRatingsNetwork.com reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price suggests a potential downside of 3.65% from the company’s current price.
Shares of Unilever (LON:ULVR) opened at 2439.00 on Friday. Unilever has a 1-year low of GBX 2292.00 and a 1-year high of GBX 2908.00. The stock has a 50-day moving average of GBX 2404.11 and a 200-day moving average of GBX 2458.15. The company’s market cap is £69.253 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, March 12th. Investors of record on Wednesday, February 5th will be given a dividend of GBX 22.22 ($0.37) 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 Liberum Capital reiterated a “hold” rating on shares of Unilever in a research note on Friday, January 31st. They now have a GBX 2,500 ($41.90) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever in a research note on Wednesday, January 29th. They now have a GBX 3,050 ($51.11) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Unilever in a research note on Monday, January 27th. They now have a GBX 2,300 ($38.55) price target on the stock. Six research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,615.80 ($43.84).
Unilever PLC (LON:ULVR), is a supplier of fast moving consumer goods.
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