Unilever (LON:ULVR) Hits New 1-Year High – Here’s What Happened

Unilever PLC (LON:ULVR) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 5,307 and last traded at GBX 5,305.20, with a volume of 64296520 shares traded. The stock had previously closed at GBX 5,244.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group reissued a “sell” rating and set a GBX 4,120 price objective on shares of Unilever in a research report on Friday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft cut shares of Unilever to a “hold” rating and set a GBX 5,150 price target on the stock. in a research report on Monday. Finally, Berenberg Bank upped their price objective on Unilever from GBX 5,530 to GBX 5,600 and gave the stock a “buy” rating in a research note on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of GBX 4,711.67.

Unilever Price Performance

The business’s 50 day simple moving average is GBX 4,825.24 and its 200-day simple moving average is GBX 4,648.51. The stock has a market capitalization of £115.55 billion, a price-to-earnings ratio of 21.03, a P/E/G 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.

Insider Transactions at Unilever

In other Unilever news, insider Zoe Yujnovich acquired 1,610 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average price of GBX 4,466 per share, for a total transaction of £71,902.60. 1.39% of the stock is currently owned by insiders.

Unilever Company Profile

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.