Unilever (NYSE:UL) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $63.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 13.60% from the company’s current price.
According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “
Other analysts have also issued reports about the company. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever in a report on Thursday, September 7th. Argus assumed coverage on Unilever in a research report on Friday, November 17th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reaffirmed a “neutral” rating on shares of Unilever in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $44.50.
Shares of Unilever (UL) opened at $55.46 on Wednesday. Unilever has a twelve month low of $39.48 and a twelve month high of $60.13.
Large investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new stake in shares of Unilever in the third quarter valued at about $122,000. Fieldpoint Private Securities LLC acquired a new position in Unilever during the third quarter worth approximately $135,000. YorkBridge Wealth Partners LLC increased its position in Unilever by 22.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after buying an additional 613 shares during the last quarter. Segment Wealth Management LLC acquired a new position in Unilever during the third quarter worth approximately $201,000. Finally, Cable Hill Partners LLC increased its position in Unilever by 6,866.0% during the third quarter. Cable Hill Partners LLC now owns 3,483 shares of the company’s stock worth $202,000 after buying an additional 3,433 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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