Unilever PLC (NYSE:UL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

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. “

Other equities analysts also recently issued research reports about the company. UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada downgraded Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Unilever PLC currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Shares of Unilever PLC (UL) opened at 58.59 on Thursday. The firm has a 50-day moving average price of $57.63 and a 200-day moving average price of $53.68. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $59.68. The company has a market cap of $164.78 billion, a P/E ratio of 24.65 and a beta of 0.88.

WARNING: “Unilever PLC (UL) Downgraded to Hold at Zacks Investment Research” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/09/14/unilever-plc-ul-downgraded-to-hold-at-zacks-investment-research.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC lifted its position in shares of Unilever PLC by 113.8% in the second quarter. Perigon Wealth Management LLC now owns 5,788 shares of the company’s stock valued at $313,000 after acquiring an additional 3,081 shares in the last quarter. Hall Laurie J Trustee lifted its position in shares of Unilever PLC by 11.3% in the second quarter. Hall Laurie J Trustee now owns 14,535 shares of the company’s stock valued at $787,000 after acquiring an additional 1,475 shares in the last quarter. WFG Advisors LP lifted its position in shares of Unilever PLC by 11.8% in the second quarter. WFG Advisors LP now owns 4,838 shares of the company’s stock valued at $262,000 after acquiring an additional 511 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Unilever PLC by 1.2% in the second quarter. Toronto Dominion Bank now owns 11,890 shares of the company’s stock valued at $644,000 after acquiring an additional 138 shares in the last quarter. Finally, GRATRY & Co LLC purchased a new position in shares of Unilever PLC in the second quarter valued at approximately $1,197,000. Institutional investors and hedge funds own 7.28% 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.

Get a free copy of the Zacks research report on Unilever PLC (UL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Unilever PLC (NYSE:UL)

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.