Unilever (LON:ULVR) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Unilever PLC (LON:ULVR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,598.98 and traded as high as GBX 4,864. Unilever shares last traded at GBX 4,864, with a volume of 2,248,444 shares.

Wall Street Analysts Forecast Growth

ULVR has been the subject of several research analyst reports. Berenberg Bank upped their price target on shares of Unilever from GBX 5,530 to GBX 5,600 and gave the company a “buy” rating in a report on Friday, January 16th. Jefferies Financial Group cut their price objective on shares of Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating on the stock in a research report on Wednesday, October 1st. JPMorgan Chase & Co. increased their target price on Unilever from GBX 5,400 to GBX 5,700 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft cut their price target on Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating on the stock in a report on Friday, October 3rd. Finally, UBS Group reiterated a “sell” rating and set a GBX 4,120 price objective on shares of Unilever in a report on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Unilever has a consensus rating of “Hold” and an average price target of GBX 4,695.

Unilever Stock Up 1.0%

The firm’s 50 day simple moving average is GBX 4,701.61 and its 200-day simple moving average is GBX 4,598.98. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 155.87. The stock has a market capitalization of £106.07 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22.

Insider Activity

In related news, insider Zoe Yujnovich bought 1,610 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of GBX 4,466 per share, for a total transaction of £71,902.60. Corporate insiders own 1.37% of the company’s stock.

Unilever Company Profile

Unilever is one of the world’s leading suppliers of Beauty, Personal Care, Home Care, Nutrition, and Ice Cream products, with sales in over 190 countries and products used by 3.4 billion people every day. We have 148,000 employees and generated sales of €60.1 billion in 2022. 59% of our footprint is in developing and emerging markets. We have around 400 brands found in homes all over the world, 13 of which are in the top 50 consumer goods brands. Some of our iconic global brands include Dove, Hellmann’s, Knorr, Magnum, OMO and Surf.

Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance.