Unilever (LON:ULVR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Unilever PLC (LON:ULVRGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,581.82 ($61.42) and traded as high as GBX 4,674 ($62.65). Unilever shares last traded at GBX 4,659.89 ($62.47), with a volume of 1,622,013 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ULVR shares. Jefferies Financial Group dropped their price objective on Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating on the stock in a research report on Wednesday, October 1st. Berenberg Bank increased their price objective on Unilever from GBX 5,500 to GBX 5,570 and gave the company a “buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada increased their target price on Unilever from GBX 3,800 to GBX 3,900 and gave the company an “underperform” rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft lowered their target price on Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating on the stock in a report on Friday, October 3rd. Finally, UBS Group reissued a “sell” rating and issued a GBX 4,120 target price on shares of Unilever in a report on Friday. Two analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of GBX 4,488.

Get Our Latest Stock Report on ULVR

Unilever Price Performance

The firm has a 50 day moving average price of GBX 4,551.83 and a 200 day moving average price of GBX 4,581.82. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 155.87. The stock has a market cap of £113.49 billion, a P/E ratio of 20.66, a P/E/G ratio of 16.72 and a beta of 0.22.

Unilever Company Profile

(Get Free Report)

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.

Further Reading

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