Unilever (LON:ULVR) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Unilever (LON:ULVR) in a research note released on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 5,350 ($69.91) price objective on the stock.

A number of other equities analysts also recently issued reports on the company. Credit Suisse Group dropped their price target on Unilever from GBX 5,210 ($68.08) to GBX 5,200 ($67.95) and set an outperform rating on the stock in a research report on Tuesday. UBS Group reissued a neutral rating and set a GBX 4,850 ($63.37) price target on shares of Unilever in a research report on Thursday, October 10th. JPMorgan Chase & Co. set a GBX 4,530 ($59.19) price target on Unilever and gave the stock a sell rating in a research report on Thursday, September 26th. Liberum Capital increased their price target on Unilever from GBX 4,350 ($56.84) to GBX 4,735 ($61.87) and gave the stock a hold rating in a research report on Tuesday, July 30th. Finally, Shore Capital reissued an under review rating on shares of Unilever in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 4,905.50 ($64.10).

Shares of ULVR traded up GBX 51.50 ($0.67) during midday trading on Wednesday, reaching GBX 4,660 ($60.89). 2,089,739 shares of the stock were exchanged, compared to its average volume of 2,750,000. Unilever has a 52 week low of GBX 3,905 ($51.03) and a 52 week high of GBX 5,333 ($69.69). The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 216.37. The company’s 50 day moving average is GBX 4,928.94 and its two-hundred day moving average is GBX 4,834.88. The company has a market capitalization of $53.81 billion and a P/E ratio of 18.44.

Unilever Company Profile

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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Analyst Recommendations for Unilever (LON:ULVR)

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