Unilever (UN) Sets New 52-Week High at $48.00
Shares of Unilever (NYSE:UN) reached a new 52-week high on Friday . The company traded as high as $48.00 and last traded at $47.81, with a volume of 1,853,192 shares trading hands. The stock had previously closed at $46.38.
A number of research firms have weighed in on UN. Citigroup Inc. upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Unilever in a research note on Thursday. Royal Bank Of Canada lowered shares of Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, RBC Capital Markets lowered shares of Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Unilever currently has an average rating of “Hold” and a consensus target price of $40.50.
The stock has a 50-day moving average price of $46.13 and a 200-day moving average price of $45.02. The firm has a market cap of $135.92 billion and a P/E ratio of 24.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Friday, August 5th will be paid a $0.3531 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 2.95%. This is a positive change from Unilever’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, August 3rd.
Unilever N.V. is a fast moving consumer goods company. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. Its Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. Its Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads.
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