Unilever PLC (NYSE:UL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Unilever PLC (NYSE:UL) have been given an average recommendation of “Hold” by the twelve brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $65.55.

UL has been the subject of several recent analyst reports. Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. Argus upgraded shares of Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Kepler Capital Markets downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st.

Unilever Stock Performance

Unilever stock opened at $56.49 on Monday. Unilever has a 52-week low of $54.95 and a 52-week high of $74.97. The firm has a 50 day moving average price of $57.98 and a two-hundred day moving average price of $64.08.

Hedge Funds Weigh In On Unilever

Several institutional investors have recently added to or reduced their stakes in UL. Elyxium Wealth LLC acquired a new stake in shares of Unilever during the 4th quarter worth approximately $25,000. Bard Associates Inc. acquired a new position in shares of Unilever during the 4th quarter valued at $27,000. Palisade Asset Management LLC bought a new position in Unilever during the third quarter worth $25,000. Financial Life Planners acquired a new stake in Unilever in the first quarter worth $25,000. Finally, Global Wealth Strategies & Associates bought a new stake in Unilever in the fourth quarter valued at $29,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.