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 Friday . The company traded as high as GBX 4,930.50 and last traded at GBX 4,925, with a volume of 105910961 shares traded. The stock had previously closed at GBX 4,867.50.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group restated a “sell” rating and set a GBX 4,120 price target on shares of Unilever in a research report on Friday, October 17th. Berenberg Bank raised their price objective on Unilever from GBX 5,530 to GBX 5,600 and gave the company a “buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. boosted their target price on Unilever from GBX 5,400 to GBX 5,700 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 4,695.

Unilever Stock Up 1.2%

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 50 day simple moving average of GBX 4,731.66 and a 200 day simple moving average of GBX 4,609.28. The firm has a market capitalization of £107.38 billion, a PE ratio of 19.54, a PEG ratio of 16.72 and a beta of 0.22.

Insider Activity at Unilever

In other news, insider Zoe Yujnovich purchased 1,610 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was bought 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 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.