Unilever PLC (NYSE:UL) Receives $65.55 Consensus Price Target from Brokerages

Unilever PLC (NYSE:UL) has been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $65.55.

Several research analysts have recently issued reports on UL shares. TD Cowen reiterated a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Finally, Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th.

Hedge Funds Weigh In On Unilever

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new stake in shares of Unilever during the 4th quarter valued at $25,000. Bard Associates Inc. bought a new position in shares of Unilever during the 4th quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new position in shares of Unilever in the 3rd quarter worth $25,000. Financial Life Planners bought a new stake in shares of Unilever in the 1st quarter valued at approximately $25,000. Finally, Whipplewood Advisors LLC purchased a new position in Unilever during the first quarter worth $29,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of NYSE:UL opened at $64.15 on Friday. The business has a fifty day moving average price of $61.78 and a 200-day moving average price of $62.04. Unilever has a 1-year low of $54.75 and a 1-year high of $74.97.

Unilever (NYSE:UL) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. As a group, equities analysts anticipate that Unilever will post 3.51 EPS for the current fiscal year.

Unilever Company Profile

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.