Unilever (LON:ULVR) Reaches New 1-Year High – Time to Buy?

Unilever PLC (LON:ULVR) hit a new 52-week high on Thursday . The company traded as high as GBX 4,928 and last traded at GBX 4,896.50, with a volume of 327354938 shares. The stock had previously closed at GBX 4,881.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ULVR shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating on the stock in a research report on Friday, October 3rd. JPMorgan Chase & Co. upped their price objective on Unilever from GBX 5,400 to GBX 5,700 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. UBS Group reissued a “sell” rating and issued a GBX 4,120 target price on shares of Unilever in a research note on Friday, October 17th. Finally, Jefferies Financial Group dropped their target price on Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating for the company in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 4,690.

Unilever Trading Up 0.7%

The business’s 50 day simple moving average is GBX 4,591.64 and its 200-day simple moving average is GBX 4,556.14. The company has a debt-to-equity ratio of 155.87, a current ratio of 0.77 and a quick ratio of 0.49. The stock has a market capitalization of £120.57 billion, a P/E ratio of 21.95, a PEG ratio of 16.72 and a beta of 0.22.

Insider Activity at Unilever

In related news, insider Zoe Yujnovich acquired 1,610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average cost of GBX 4,466 per share, with a total value of £71,902.60. 1.37% of the stock is currently owned by company insiders.

About Unilever

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.