Unilever (LON:ULVR) Reaches New 12-Month High – Still a Buy?

Shares of Unilever PLC (LON:ULVR) hit 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. The stock had previously closed at GBX 4,881.50.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Unilever from GBX 5,400 to GBX 5,700 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Jefferies Financial Group reduced their price objective on Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating for the company in a research note on Wednesday, October 1st. UBS Group restated a “sell” rating and set a GBX 4,120 target price on shares of Unilever in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of 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 analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Unilever currently has a consensus rating of “Hold” and a consensus price target of GBX 4,690.

Unilever Stock Performance

The company has a 50 day simple moving average of GBX 4,609.38 and a 200 day simple moving average of GBX 4,560.12. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 155.87. The stock has a market capitalization of £119.90 billion, a PE ratio of 21.83, a P/E/G ratio of 16.72 and a beta of 0.22.

Insider Activity at Unilever

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

About Unilever

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.