Berenberg Bank Forecasts Strong Price Appreciation for Unilever (LON:ULVR) Stock

Unilever (LON:ULVR) had its price objective hoisted by equities research analysts at Berenberg Bank from GBX 5,530 to GBX 5,600 in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 17.20% from the stock’s previous close.

A number of other brokerages have also issued reports on ULVR. JPMorgan Chase & Co. upped their price target on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Jefferies Financial Group cut their target price 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. Deutsche Bank Aktiengesellschaft lowered their price target on Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating for the company in a research report on Friday, October 3rd. Finally, UBS Group reissued a “sell” rating and issued a GBX 4,120 price objective on shares of Unilever in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company. According to MarketBeat, Unilever presently has an average rating of “Hold” and a consensus price target of GBX 4,695.

Unilever Stock Down 0.1%

Shares of ULVR traded down GBX 2.50 during mid-day trading on Friday, hitting GBX 4,778. 573,069,188 shares of the company traded hands, compared to its average volume of 76,837,023. The company has a market capitalization of £104.19 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22. 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 business has a 50 day moving average of GBX 4,678.31 and a 200 day moving average of GBX 4,585.99. Unilever has a 1-year low of GBX 4,122 and a 1-year high of GBX 4,930.

Insider Activity

In related news, insider Zoe Yujnovich acquired 1,610 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of GBX 4,466 per share, with a total value of £71,902.60. 1.37% of the stock is currently owned by company insiders.

About Unilever

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. We have around 400 brands found in homes all over the world, 13 of which are in the top 50 consumer goods brands. Some of our iconic global brands include Dove, Hellmann’s, Knorr, Magnum, OMO and Surf.

Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance.