Investec Upgrades Unilever (UN) to “Buy”

Unilever (NYSE:UN) was upgraded by analysts at Investec from a “hold” rating to a “buy” rating in a research note issued on Monday, MarketBeat.com reports.

UN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Unilever from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Thursday, October 5th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Unilever presently has a consensus rating of “Hold” and an average price target of $66.00.

Shares of Unilever (NYSE:UN) traded down $0.62 on Monday, reaching $56.91. 1,286,793 shares of the company’s stock were exchanged, compared to its average volume of 1,302,047. Unilever has a twelve month low of $40.08 and a twelve month high of $61.62.

Large investors have recently bought and sold shares of the company. Arthur M. Cohen & Associates LLC purchased a new stake in shares of Unilever during the fourth quarter valued at approximately $186,000. Bath Savings Trust Co purchased a new stake in shares of Unilever during the third quarter valued at approximately $207,000. Cetera Advisors LLC purchased a new stake in shares of Unilever during the third quarter valued at approximately $226,000. Quadrant Capital Group LLC grew its holdings in shares of Unilever by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 5,356 shares of the company’s stock valued at $276,000 after buying an additional 515 shares during the last quarter. Finally, White Lighthouse Investment Management Inc. bought a new position in Unilever during the fourth quarter valued at approximately $282,000. Hedge funds and other institutional investors own 8.67% of the company’s stock.

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Unilever Company Profile

Unilever N.V. 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.