Unilever PLC (NYSE:UL) Receives $65.55 Average PT from Brokerages

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

Several brokerages have recently issued reports on UL. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Argus upgraded Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Finally, Kepler Capital Markets cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th.

Unilever Stock Down 0.5%

Shares of Unilever stock opened at $55.26 on Monday. The business’s fifty day moving average price is $57.63 and its two-hundred day moving average price is $63.81. Unilever has a 1-year low of $54.95 and a 1-year high of $74.97.

Institutional Investors Weigh In On Unilever

Large investors have recently modified their holdings of the stock. Natixis Advisors LLC boosted its stake in shares of Unilever by 3.1% during the 3rd quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock worth $73,950,000 after acquiring an additional 37,630 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Unilever by 160.8% during the 4th quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock worth $5,375,000 after acquiring an additional 50,682 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Unilever by 37.3% during the 4th quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock worth $5,127,000 after acquiring an additional 21,313 shares in the last quarter. Cullen Investment Group LTD. bought a new stake in shares of Unilever during the 4th quarter worth $5,003,000. Finally, Wellington Management Group LLP boosted its stake in shares of Unilever by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after acquiring an additional 2,935,227 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

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.