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

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ULVR. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group reduced 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. UBS Group reissued a “sell” rating and issued a GBX 4,120 price target on shares of Unilever in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating for the company in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,690.

Unilever Stock Performance

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

Insider Buying and Selling

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

Unilever Company Profile

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.