Analysts Set Unilever PLC (NYSE:UL) Price Target at $65.55

Shares of Unilever PLC (NYSE:UL) have earned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $65.55.

UL has been the subject of a number of research reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th.

Unilever Price Performance

Shares of Unilever stock opened at $61.29 on Friday. The firm has a fifty day moving average price of $61.39 and a two-hundred day moving average price of $62.12. Unilever has a fifty-two week low of $54.75 and a fifty-two week high of $74.97.

Unilever (NYSE:UL) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.92). The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. As a group, analysts expect that Unilever will post 3.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Unilever

Hedge funds and other institutional investors have recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new position in Unilever in the fourth quarter worth about $25,000. Financial Life Planners acquired a new stake in Unilever during the first quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new stake in shares of Unilever in the 3rd quarter valued at approximately $25,000. Bard Associates Inc. bought a new stake in shares of Unilever in the 4th quarter valued at approximately $27,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unilever in the 1st quarter worth approximately $29,000. 9.67% of the stock is owned by institutional investors.

About Unilever

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.