Unilever (LON:ULVR) Reaches New 12-Month High – Here’s What Happened

Unilever PLC (LON:ULVR)’s stock price reached a new 52-week high on Friday . The stock traded as high as GBX 4,930.50 and last traded at GBX 4,925, with a volume of 105910961 shares changing hands. The stock had previously closed at GBX 4,867.50.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group restated a “sell” rating and issued a GBX 4,120 price objective on shares of Unilever in a report on Friday, October 17th. JPMorgan Chase & Co. boosted their price target on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Finally, Berenberg Bank lifted their price objective on Unilever from GBX 5,530 to GBX 5,600 and gave the company a “buy” rating in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Unilever has an average rating of “Hold” and an average target price of GBX 4,695.

Unilever Stock Up 1.2%

The company has a debt-to-equity ratio of 155.87, a quick ratio of 0.49 and a current ratio of 0.77. The stock’s 50-day moving average price is GBX 4,731.66 and its two-hundred day moving average price is GBX 4,609.28. The stock has a market capitalization of £107.38 billion, a PE ratio of 19.54, a P/E/G ratio of 16.72 and a beta of 0.22.

Insider Transactions at Unilever

In other news, insider Zoe Yujnovich bought 1,610 shares of the firm’s stock in a transaction 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 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. We have around 400 brands found in homes all over the world, 13 of which are in the top 50 consumer goods brands. Some of our iconic global brands include Dove, Hellmann’s, Knorr, Magnum, OMO and Surf.

Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance.