Credit Suisse Reiterates “Underperform” Rating for Unilever plc (ULVR)
Unilever plc (LON:ULVR)‘s stock had its “underperform” rating restated by Credit Suisse in a research note issued on Friday. They currently have a GBX 2,300 ($38.45) price target on the stock. Credit Suisse’s price objective suggests a potential downside of 12.94% from the stock’s previous close.
Shares of Unilever plc (LON:ULVR) opened at 2626.00 on Friday. Unilever plc has a 1-year low of GBX 2292.00 and a 1-year high of GBX 2742.3501. The stock’s 50-day moving average is GBX 2616.81 and its 200-day moving average is GBX 2570.58. The company’s market cap is £74.589 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 6th will be paid a dividend of GBX 22.53 ($0.38) per share. This represents a dividend yield of 0.85%. The ex-dividend date is Wednesday, August 6th.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Unilever plc in a research note on Friday, August 15th. They now have a GBX 2,700 ($45.14) 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 Monday, August 11th. They now have a GBX 3,050 ($50.99) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever plc in a research note on Thursday, July 31st. They now have a GBX 3,050 ($50.99) price target on the stock. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Unilever plc currently has an average rating of “Hold” and an average price target of GBX 2,569.18 ($42.95).
Unilever PLC (LON:ULVR) is a supplier of fast moving consumer goods.
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