Unilever plc (UL) Upgraded to Overweight by Barclays PLC

Unilever plc (NYSE:UL) was upgraded by stock analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on UL. Zacks Investment Research raised shares of Unilever plc from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Saturday, January 7th. Goldman Sachs Group Inc reissued a “sell” rating on shares of Unilever plc in a research report on Friday, March 24th. Jefferies Group LLC raised shares of Unilever plc from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. Macquarie assumed coverage on shares of Unilever plc in a report on Friday, March 17th. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Unilever plc from an “overweight” rating to a “neutral” rating in a report on Wednesday, December 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.00.

Analyst Recommendations for Unilever plc (NYSE:UL)

Unilever plc (NYSE:UL) traded down 0.67% during midday trading on Friday, hitting $50.10. 1,294,108 shares of the stock traded hands. Unilever plc has a 52-week low of $38.58 and a 52-week high of $51.12. The firm’s 50-day moving average is $49.62 and its 200-day moving average is $43.85. The company has a market cap of $142.27 billion, a price-to-earnings ratio of 25.86 and a beta of 0.82.

WARNING: “Unilever plc (UL) Upgraded to Overweight by Barclays PLC” was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.chaffeybreeze.com/2017/04/21/unilever-plc-ul-rating-increased-to-overweight-at-barclays-plc-updated-updated.html.

A number of institutional investors have recently modified their holdings of UL. Chevy Chase Trust Holdings Inc. increased its position in shares of Unilever plc by 18.4% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 6,599 shares of the company’s stock valued at $313,000 after buying an additional 1,024 shares during the period. Creative Planning increased its position in shares of Unilever plc by 173.6% in the third quarter. Creative Planning now owns 36,860 shares of the company’s stock valued at $1,747,000 after buying an additional 23,387 shares during the period. MSI Financial Services Inc increased its position in shares of Unilever plc by 12.2% in the third quarter. MSI Financial Services Inc now owns 21,707 shares of the company’s stock valued at $1,029,000 after buying an additional 2,356 shares during the period. Private Bank & Trust Co. increased its position in shares of Unilever plc by 0.8% in the third quarter. Private Bank & Trust Co. now owns 13,056 shares of the company’s stock valued at $619,000 after buying an additional 100 shares during the period. Finally, Gierl Augustine Investment Management Inc increased its position in shares of Unilever plc by 0.9% in the third quarter. Gierl Augustine Investment Management Inc now owns 66,132 shares of the company’s stock valued at $3,135,000 after buying an additional 567 shares during the period. Institutional investors own 8.60% of the company’s stock.

About Unilever plc

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.

5 Day Chart for NYSE:UL

Receive News & Ratings for Unilever plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply