Unilever PLC (UL) Stock Rating Upgraded by Zacks Investment Research
Unilever PLC (NYSE:UL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $66.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 11.26% from the stock’s previous close.
According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “
Several other analysts have also recently commented on the stock. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever PLC in a research note on Thursday. Royal Bank Of Canada cut shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. Finally, UBS AG reissued a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Unilever PLC has an average rating of “Hold” and an average target price of $46.00.
Unilever PLC (NYSE:UL) traded up 0.19% during midday trading on Friday, hitting $59.32. The stock had a trading volume of 769,999 shares. The company has a market cap of $166.84 billion, a PE ratio of 24.96 and a beta of 0.88. The stock’s 50 day moving average price is $57.49 and its 200-day moving average price is $53.40. Unilever PLC has a 52 week low of $38.58 and a 52 week high of $59.44.
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A number of hedge funds and other institutional investors have recently made changes to their positions in UL. Fiduciary Management Inc. WI lifted its holdings in Unilever PLC by 56.6% in the first quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock valued at $523,770,000 after buying an additional 3,837,015 shares during the period. Jane Street Group LLC lifted its holdings in Unilever PLC by 459.2% in the first quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock valued at $104,600,000 after buying an additional 1,740,864 shares during the period. Ameriprise Financial Inc. lifted its holdings in Unilever PLC by 94.7% in the first quarter. Ameriprise Financial Inc. now owns 2,467,891 shares of the company’s stock valued at $124,783,000 after buying an additional 1,200,280 shares during the period. Mawer Investment Management Ltd. lifted its holdings in Unilever PLC by 31.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,830,766 shares of the company’s stock valued at $189,010,000 after buying an additional 914,789 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Unilever PLC by 47.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock valued at $99,434,000 after buying an additional 592,653 shares during the period. Institutional investors and hedge funds own 7.27% of the company’s stock.
Unilever PLC Company Profile
Unilever PLC 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.
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