Unilever plc Rating Increased to Reduce at Oriel Securities Ltd (ULVR)
Unilever plc (LON:ULVR) was upgraded by equities researchers at Oriel Securities Ltd to a “reduce” rating in a research report issued on Wednesday. The firm currently has a GBX 2,600 ($44.51) price objective on the stock, down from their previous price objective of GBX 2,800 ($47.94). Oriel Securities Ltd’s price objective suggests a potential downside of 1.55% from the stock’s previous close.
A number of other analysts have also recently weighed in on ULVR. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Unilever plc in a research note on Monday. They now have a GBX 2,300 ($39.38) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever plc in a research note on Thursday, July 10th. They now have a GBX 3,050 ($52.22) price target on the stock. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of Unilever plc in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 2,579.78 ($44.17).
Shares of Unilever plc (LON:ULVR) traded up 1.11% on Wednesday, hitting GBX 2641.00. 2,262,356 shares of the company’s stock traded hands. Unilever plc has a 52-week low of GBX 2292.00 and a 52-week high of GBX 2838.00. The stock’s 50-day moving average is GBX 2662.35 and its 200-day moving average is GBX 2539.. The company’s market cap is £75.005 billion.
Unilever PLC (LON:ULVR) is a supplier of fast moving consumer goods.
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