Unilever (LON:ULVR) Given New GBX 3,600 Price Target at Royal Bank of Canada

Unilever (LON:ULVR) had its price objective reduced by research analysts at Royal Bank of Canada from GBX 3,700 ($48.34) to GBX 3,600 ($47.03) in a report released on Thursday, Price Targets.com reports. The brokerage currently has an “underperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 12.30% from the company’s previous close.

Several other equities analysts have also recently issued reports on ULVR. Citigroup restated a “buy” rating on shares of Unilever in a research note on Tuesday, June 29th. JPMorgan Chase & Co. set a GBX 4,600 ($60.10) target price on shares of Unilever in a research note on Thursday. Berenberg Bank restated a “neutral” rating and set a GBX 4,600 ($60.10) target price (up previously from GBX 4,550 ($59.45)) on shares of Unilever in a research note on Tuesday, May 4th. Deutsche Bank Aktiengesellschaft set a GBX 5,500 ($71.86) target price on shares of Unilever and gave the stock a “buy” rating in a research note on Friday, April 30th. Finally, Credit Suisse Group set a GBX 4,800 ($62.71) target price on shares of Unilever and gave the stock a “buy” rating in a research note on Monday, April 26th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 4,482.50 ($58.56).

ULVR opened at GBX 4,105 ($53.63) on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 154.66. The company has a market cap of £107.18 billion and a PE ratio of 22.43. The company’s 50-day moving average is GBX 4,282.75. Unilever has a 52-week low of GBX 3,721 ($48.62) and a 52-week high of GBX 4,944 ($64.59).

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, the Middle East, Turkey, Russia, Ukraine, Belarus, the Americas, and Europe. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmé, and Vaseline brands.

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