Liberum Capital Reiterates Sell Rating for Unilever plc (ULVR)
Unilever plc (LON:ULVR)‘s stock had its “sell” rating restated by research analysts at Liberum Capital in a research report issued to clients and investors on Monday. They currently have a GBX 3,200 ($41.77) price target on the stock. Liberum Capital’s price objective suggests a potential downside of 13.97% from the company’s current price.
A number of other brokerages have also issued reports on ULVR. Jefferies Group decreased their target price on shares of Unilever plc from GBX 3,650 ($47.64) to GBX 3,530 ($46.08) and set a “hold” rating on the stock in a research report on Monday, July 25th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Unilever plc in a research report on Tuesday, October 4th. Goldman Sachs Group Inc. restated a “sell” rating and set a GBX 3,055 ($39.88) target price on shares of Unilever plc in a research report on Thursday, July 21st. Numis Securities Ltd restated a “hold” rating and set a GBX 3,660 ($47.77) target price on shares of Unilever plc in a research report on Wednesday, August 10th. Finally, Berenberg Bank set a GBX 3,900 ($50.91) target price on shares of Unilever plc and gave the stock a “buy” rating in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Unilever plc presently has a consensus rating of “Hold” and an average price target of GBX 3,580.19 ($46.73).
Unilever plc (LON:ULVR) opened at 3728.50 on Monday. Unilever plc has a 52-week low of GBX 2,715.00 and a 52-week high of GBX 3,789.00. The company has a 50-day moving average of GBX 3,600.79 and a 200 day moving average of GBX 3,379.32. The company’s market cap is GBX 105.84 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/liberum-capital-reiterates-sell-rating-for-unilever-plc-ulvr.html
About Unilever plc
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
Receive News & Ratings for Unilever plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever plc and related companies with MarketBeat.com's FREE daily email newsletter.