JPMorgan Chase & Co. Boosts Unilever plc (ULVR) Price Target to GBX 4,100
Unilever plc (LON:ULVR) had its target price raised by JPMorgan Chase & Co. from GBX 3,960 ($49.01) to GBX 4,100 ($50.74) in a research note issued on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 14.00% from the stock’s current price.
Other research analysts also recently issued reports about the company. Goldman Sachs Group Inc. reissued a ” sell” rating and issued a GBX 3,055 ($37.81) price target on shares of Unilever plc in a report on Tuesday, July 26th. HSBC reissued a “buy” rating and issued a GBX 3,800 ($47.03) price target on shares of Unilever plc in a report on Thursday, June 30th. Deutsche Bank AG boosted their price target on Unilever plc from GBX 3,520 ($43.56) to GBX 3,600 ($44.55) and gave the company a “buy” rating in a report on Wednesday, July 6th. BNP Paribas set a GBX 3,600 ($44.55) price target on Unilever plc and gave the company a “buy” rating in a report on Monday, June 27th. Finally, Beaufort Securities reissued a “buy” rating on shares of Unilever plc in a report on Friday, July 22nd. Two 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 stock. The stock currently has an average rating of “Hold” and an average price target of GBX 3,680.33 ($45.55).
Unilever plc (LON:ULVR) opened at 3596.50 on Friday. The firm’s 50-day moving average is GBX 3,613.23 and its 200 day moving average is GBX 3,396.73. Unilever plc has a 1-year low of GBX 2,715.00 and a 1-year high of GBX 3,807.50. The stock’s market capitalization is GBX 102.10 billion.
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The firm also recently declared a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Thursday, October 27th will be issued a dividend of GBX 28.90 ($0.36) per share. The ex-dividend date is Thursday, October 27th. This is a boost from Unilever plc’s previous dividend of $26.89. This represents a dividend yield of 0.8%.
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.
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