Unilever (UN) Upgraded by ABN Amro to “Hold”

Unilever (NYSE:UN) was upgraded by analysts at ABN Amro from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.

Other equities research analysts have also issued reports about the stock. Investec raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Unilever currently has a consensus rating of “Hold” and a consensus price target of $66.00.

Unilever (UN) traded down $0.29 during trading on Friday, reaching $58.25. 511,046 shares of the company traded hands, compared to its average volume of 1,382,591. Unilever has a one year low of $40.62 and a one year high of $61.62.

Several hedge funds and other institutional investors have recently bought and sold shares of UN. Arthur M. Cohen & Associates LLC bought a new position in shares of Unilever during the 4th quarter valued at approximately $186,000. Ledyard National Bank bought a new position in shares of Unilever during the 4th quarter valued at approximately $192,000. Bath Savings Trust Co bought a new position in shares of Unilever during the 3rd quarter valued at approximately $207,000. Cetera Advisors LLC bought a new position in shares of Unilever during the 3rd quarter valued at approximately $226,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Unilever by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 5,356 shares of the company’s stock valued at $276,000 after acquiring an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 8.67% of the company’s stock.

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About Unilever

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.