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

Unilever PLC (NYSE:UL) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $65.55.

UL has been the subject of a number of research analyst reports. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Zacks Research lowered Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Finally, Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th.

Unilever Price Performance

Shares of UL stock opened at $61.97 on Tuesday. Unilever has a 12-month low of $54.75 and a 12-month high of $74.97. The firm has a fifty day moving average of $58.94 and a 200-day moving average of $62.40.

Hedge Funds Weigh In On Unilever

A number of large investors have recently bought and sold shares of UL. Elyxium Wealth LLC bought a new position in shares of Unilever during the 4th quarter worth approximately $25,000. Financial Life Planners bought a new stake in shares of Unilever in the first quarter worth $25,000. Palisade Asset Management LLC bought a new stake in shares of Unilever in the third quarter worth $25,000. Bard Associates Inc. acquired a new position in Unilever during the fourth quarter worth $27,000. Finally, Whipplewood Advisors LLC acquired a new position in Unilever during the first quarter worth $29,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

About Unilever

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.