Unilever plc Receives Underperform Rating from Credit Suisse (ULVR)
Unilever plc (LON:ULVR)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse in a report released on Wednesday. They currently have a GBX 2,350 ($39.40) price objective on the stock. Credit Suisse’s price objective would suggest a potential downside of 12.70% from the stock’s previous close.
Shares of Unilever plc (LON:ULVR) opened at 2692.70 on Wednesday. Unilever plc has a 1-year low of GBX 2292.00 and a 1-year high of GBX 2838.00. The stock has a 50-day moving average of GBX 2645. and a 200-day moving average of GBX 2493.. The company’s market cap is £76.473 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, June 11th. Stockholders of record on Wednesday, May 7th will be paid a dividend of GBX 23.38 ($0.39) per share. This represents a dividend yield of 0.9%. The ex-dividend date is Wednesday, May 7th.
A number of other analysts have also recently weighed in on ULVR. Analysts at Berenberg Bank raised their price target on shares of Unilever plc from GBX 2,700 ($45.26) to GBX 2,800 ($46.94) in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever plc in a research note on Thursday, May 29th. They now have a GBX 3,050 ($51.13) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Unilever plc in a research note on Tuesday, May 27th. They now have a GBX 2,700 ($45.26) price target on the stock. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Unilever plc presently has a consensus rating of “Hold” and an average target price of GBX 2,571.11 ($43.10).
Unilever PLC (LON:ULVR) is a supplier of fast moving consumer goods.
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