Unilever NV (NYSE:UN) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada cut shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a research note on Thursday. UBS AG reissued a “neutral” rating on shares of Unilever NV in a research note on Monday, July 17th. Finally, Zacks Investment Research cut shares of Unilever NV from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $65.00.

Shares of Unilever NV (UN) opened at 57.96 on Friday. Unilever NV has a 12-month low of $38.41 and a 12-month high of $58.83. The company has a market capitalization of $163.01 billion, a P/E ratio of 24.18 and a beta of 0.90. The company’s 50 day moving average is $56.92 and its 200 day moving average is $51.86.

WARNING: “Unilever NV (UN) Upgraded to “Strong-Buy” at BidaskClub” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/12/unilever-nv-un-upgraded-to-strong-buy-at-bidaskclub.html.

A number of institutional investors have recently added to or reduced their stakes in the company. Coconut Grove Bank boosted its position in Unilever NV by 46.9% in the first quarter. Coconut Grove Bank now owns 2,505 shares of the company’s stock worth $124,000 after buying an additional 800 shares during the period. Pinnacle Financial Partners Inc. bought a new position in Unilever NV during the second quarter worth approximately $127,000. SRS Capital Advisors Inc. boosted its position in Unilever NV by 10.9% in the first quarter. SRS Capital Advisors Inc. now owns 2,694 shares of the company’s stock worth $133,000 after buying an additional 264 shares during the period. Proficio Capital Partners LLC boosted its position in Unilever NV by 503.0% in the first quarter. Proficio Capital Partners LLC now owns 2,647 shares of the company’s stock worth $148,000 after buying an additional 2,208 shares during the period. Finally, Bollard Group LLC boosted its position in Unilever NV by 200.7% in the first quarter. Bollard Group LLC now owns 2,998 shares of the company’s stock worth $149,000 after buying an additional 2,001 shares during the period. 9.16% of the stock is owned by hedge funds and other institutional investors.

About Unilever NV

Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.

Analyst Recommendations for Unilever NV (NYSE:UN)

Receive News & Ratings for Unilever NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever NV and related companies with MarketBeat.com's FREE daily email newsletter.