Unilever PLC (UL) Upgraded by Zacks Investment Research to “Buy”
Unilever PLC (NYSE:UL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $66.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.71% 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. “
Other research analysts have also issued research reports about the company. Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, UBS AG restated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.00.
Shares of Unilever PLC (NYSE:UL) opened at 58.56 on Friday. The firm’s 50-day moving average price is $57.73 and its 200 day moving average price is $53.75. The company has a market cap of $164.69 billion, a price-to-earnings ratio of 24.63 and a beta of 0.88. Unilever PLC has a 52 week low of $38.58 and a 52 week high of $59.68.
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Institutional investors have recently modified their holdings of the company. Mercer Capital Advisers Inc. grew its position in shares of Unilever PLC by 2.6% during the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after purchasing an additional 50 shares in the last quarter. Hanson & Doremus Investment Management lifted its holdings in shares of Unilever PLC by 7.2% in the 2nd quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock valued at $121,000 after acquiring an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Unilever PLC by 22.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock valued at $182,000 after acquiring an additional 613 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Unilever PLC by 7.6% in the 2nd quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock valued at $196,000 after acquiring an additional 256 shares during the last quarter. Finally, Northstar Group Inc. bought a new position in shares of Unilever PLC in the 2nd quarter valued at about $211,000. Hedge funds and other institutional investors 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.
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