Unilever (NYSE:UL) Upgraded to Buy at Deutsche Bank

Deutsche Bank upgraded shares of Unilever (NYSE:UL) from a hold rating to a buy rating in a report released on Wednesday, Marketbeat reports.

Other analysts also recently issued reports about the stock. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, October 12th. DZ Bank reissued a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Morningstar lowered shares of Unilever to a “hold” rating in a research note on Thursday, July 30th. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Unilever in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.37.

Unilever Price Performance

Shares of Unilever stock opened at $65.85 on Wednesday. Unilever has a 12 month low of $54.75 and a 12 month high of $74.97. The business has a fifty day simple moving average of $63.59 and a two-hundred day simple moving average of $62.67.

Hedge Funds Weigh In On Unilever

A number of hedge funds have recently bought and sold shares of the company. Latitude Advisors LLC bought a new stake in Unilever during the 3rd quarter valued at about $26,000. Tompkins Financial Corp purchased a new position in Unilever in the third quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Unilever in the third quarter worth approximately $28,000. West Financial Advisors LLC bought a new position in shares of Unilever in the third quarter worth approximately $28,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in shares of Unilever in the third quarter worth approximately $30,000. Institutional investors own 9.67% of the company’s stock.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods. The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.