Unilever PLC (UL) Upgraded at Zacks Investment Research
Unilever PLC (NYSE:UL) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report released on Thursday. The firm presently has a $67.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 22.29% from the stock’s current price.
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 brokerages have also issued reports on UL. Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever PLC in a research note on Thursday, September 7th. UBS AG reissued a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. Finally, Morgan Stanley reissued a “neutral” rating on shares of Unilever PLC in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.50.
Shares of Unilever PLC (NYSE:UL) traded down 2.23% during midday trading on Thursday, hitting $54.79. 2,439,523 shares of the company were exchanged. Unilever PLC has a one year low of $38.58 and a one year high of $60.13. The firm’s 50 day moving average price is $58.23 and its 200 day moving average price is $55.42. The firm has a market capitalization of $154.10 billion, a price-to-earnings ratio of 22.46 and a beta of 0.88.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in UL. Jane Street Group LLC raised its holdings in Unilever PLC by 459.2% during the first quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after buying an additional 1,740,864 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Unilever PLC by 47.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after buying an additional 592,653 shares during the last quarter. TIAA CREF Investment Management LLC acquired a new position in Unilever PLC during the first quarter worth $18,447,000. Teachers Advisors LLC raised its holdings in Unilever PLC by 48,716.1% during the first quarter. Teachers Advisors LLC now owns 199,658 shares of the company’s stock worth $9,851,000 after buying an additional 199,249 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd acquired a new position in Unilever PLC during the second quarter worth $10,548,000. Hedge funds and other institutional investors own 7.32% 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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