JPMorgan Chase & Co. Issues Positive Forecast for Unilever (LON:ULVR) Stock Price

Unilever (LON:ULVR) had its price objective boosted by JPMorgan Chase & Co. from GBX 5,400 to GBX 5,700 in a research note issued to investors on Wednesday, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Unilever from GBX 3,800 to GBX 3,900 and gave the stock an “underperform” rating in a report on Monday, August 4th. Berenberg Bank boosted their price target on shares of Unilever from GBX 5,500 to GBX 5,570 and gave the company a “buy” rating in a research report on Friday, August 1st. Jefferies Financial Group decreased their price objective on shares of Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating on the stock in a research note on Wednesday, October 1st. UBS Group reaffirmed a “sell” rating and set a GBX 4,120 price objective on shares of Unilever in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating on the stock in a report on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 4,690.

Unilever Stock Performance

Shares of LON:ULVR opened at GBX 4,495 on Wednesday. The business’s fifty day moving average price is GBX 4,529.05 and its two-hundred day moving average price is GBX 4,559.57. Unilever has a fifty-two week low of GBX 4,311 and a fifty-two week high of GBX 4,910. The stock has a market capitalization of £110.21 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22. The company has a debt-to-equity ratio of 155.87, a current ratio of 0.77 and a quick ratio of 0.49.

Insider Buying and Selling at Unilever

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

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.