Unilever PLC (NYSE:UL) Stock Has Consensus Price Target of $68.37

Unilever PLC (NYSE:UL) has been given an average rating of “Hold” by the nineteen research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $68.37.

A number of research firms have recently weighed in on UL. Sanford C. Bernstein reiterated a “buy” rating on shares of Unilever in a report on Wednesday, September 30th. Barclays restated a “buy” rating on shares of Unilever in a report on Tuesday, July 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Unilever in a research note on Thursday, September 24th. Morningstar lowered Unilever to a “hold” rating in a research note on Thursday, July 30th. Finally, TD Cowen dropped their price target on Unilever from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th.

Unilever Trading Up 1.8%

NYSE:UL opened at $65.32 on Thursday. The company has a fifty day moving average of $63.35 and a 200 day moving average of $62.62. Unilever has a 52 week low of $54.75 and a 52 week high of $74.97.

Institutional Trading of Unilever

Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Life Planners purchased a new position in Unilever in the 1st quarter worth approximately $25,000. Latitude Advisors LLC purchased a new position in shares of Unilever in the third quarter worth $26,000. Tompkins Financial Corp bought a new position in shares of Unilever during the third quarter worth $27,000. West Financial Advisors LLC bought a new position in shares of Unilever during the third quarter worth $28,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Unilever during the first quarter worth $29,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Company Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.

The company’s portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann’s and Ben & Jerry’s, although product offerings vary by market.

Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.