Unilever PLC (UL) Rating Increased to Buy at Zacks Investment Research
Unilever PLC (NYSE:UL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The brokerage presently has a $65.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.16% 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 reports about the company. Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. Finally, UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $45.50.
Shares of Unilever PLC (NYSE UL) opened at 57.44 on Friday. The firm has a 50 day moving average price of $57.91 and a 200 day moving average price of $54.10. The stock has a market capitalization of $161.55 billion, a PE ratio of 23.66 and a beta of 0.88. Unilever PLC has a one year low of $38.58 and a one year high of $59.68.
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A number of institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC raised its stake in 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 buying an additional 3,081 shares in the last quarter. Hall Laurie J Trustee raised its stake in 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 buying an additional 1,475 shares in the last quarter. WFG Advisors LP raised its stake in 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 buying an additional 511 shares in the last quarter. Toronto Dominion Bank raised its stake in 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 buying an additional 138 shares in the last quarter. Finally, GRATRY & Co LLC acquired a new stake in Unilever PLC in the second quarter valued at $1,197,000. 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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