Unilever PLC (NYSE:UL) Receives Consensus Recommendation of “Hold” from Analysts

Unilever PLC (NYSE:UL) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $65.55.

Several analysts have recently issued reports on UL shares. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft cut Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Argus upgraded Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th.

Unilever Trading Up 2.9%

Shares of NYSE UL opened at $56.66 on Monday. Unilever has a 12-month low of $54.75 and a 12-month high of $74.97. The business’s fifty day simple moving average is $57.44 and its 200-day simple moving average is $63.68.

Hedge Funds Weigh In On Unilever

Several large investors have recently bought and sold shares of UL. Elyxium Wealth LLC purchased a new position in Unilever in the fourth quarter valued at $25,000. Financial Life Planners purchased a new position in Unilever in the first quarter valued at $25,000. Palisade Asset Management LLC purchased a new position in Unilever in the third quarter valued at $25,000. Bard Associates Inc. purchased a new position in Unilever in the fourth quarter valued at $27,000. Finally, Asset Dedication LLC increased its holdings in Unilever by 108.8% in the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after buying an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

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.