Unilever PLC (NYSE:UL) Receives $65.55 Average Price Target from Analysts

Unilever PLC (NYSE:UL) has received an average recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $65.55.

A number of research analysts recently issued reports on UL shares. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Zacks Research lowered shares of Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Weiss Ratings lowered shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new position in shares of Unilever during the 4th quarter valued at about $25,000. Financial Life Planners acquired a new stake in Unilever during the 1st quarter worth approximately $25,000. Palisade Asset Management LLC bought a new position in Unilever in the third quarter valued at approximately $25,000. Bard Associates Inc. bought a new position in Unilever in the fourth quarter valued at approximately $27,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unilever in the first quarter valued at approximately $29,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Down 2.7%

Shares of UL stock opened at $60.19 on Tuesday. The stock has a 50-day moving average of $59.14 and a 200-day moving average of $62.31. Unilever has a one year low of $54.75 and a one year high of $74.97.

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.