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

Unilever PLC (NYSE:UL) has received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $65.55.

A number of research firms have commented on UL. BNP Paribas Exane set a $71.00 target price on shares of Unilever and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Morgan Stanley set a $60.10 price target on Unilever and gave the stock an “overweight” rating in a research note on Monday, December 15th. UBS Group reaffirmed a “sell” rating on shares of Unilever in a report on Wednesday, December 10th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Unilever in a research report on Thursday, December 11th.

Unilever Stock Up 1.4%

Shares of NYSE UL opened at $67.48 on Tuesday. The firm’s 50-day moving average price is $65.57 and its 200-day moving average price is $67.63. Unilever has a 52-week low of $61.11 and a 52-week high of $73.87.

Institutional Trading of Unilever

Several large investors have recently added to or reduced their stakes in UL. Palisade Asset Management LLC purchased a new position in shares of Unilever during the 3rd quarter worth $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Unilever in the 4th quarter worth $29,000. Asset Dedication LLC raised its holdings in Unilever by 108.8% in the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after purchasing an additional 248 shares during the period. Financial Life Planners purchased a new position in Unilever during the third quarter valued at $30,000. Finally, FNY Investment Advisers LLC purchased a new position in Unilever during the third quarter valued at $29,000. 9.67% of the stock is currently owned by institutional investors.

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.