Unilever PLC (UL) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Unilever PLC (NYSE:UL) from a sell rating to a buy rating in a report issued on Thursday morning. Zacks Investment Research currently has $67.00 target price on the stock.

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. “

A number of other analysts have also weighed in on UL. UBS AG reissued a neutral rating on shares of Unilever PLC in a research note on Monday, July 17th. Royal Bank Of Canada lowered Unilever PLC from a sector perform rating to an underperform rating in a research note on Friday, August 11th. J P Morgan Chase & Co reissued a neutral rating on shares of Unilever PLC in a research note on Thursday, September 7th. Finally, Morgan Stanley reissued a neutral rating on shares of Unilever PLC in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $46.50.

Unilever PLC (NYSE:UL) traded down 2.23% on Thursday, reaching $54.79. 2,439,523 shares of the company’s stock traded hands. Unilever PLC has a 12 month low of $38.58 and a 12 month high of $60.13. The firm’s 50-day moving average is $58.32 and its 200 day moving average is $55.38. The firm has a market cap of $154.10 billion, a PE ratio of 22.57 and a beta of 0.88.

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Several institutional investors have recently made changes to their positions in the stock. Howe & Rusling Inc. raised its holdings in shares of Unilever PLC by 3,214.4% during the third quarter. Howe & Rusling Inc. now owns 54,654 shares of the company’s stock valued at $3,168,000 after acquiring an additional 53,005 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in shares of Unilever PLC by 14.4% during the third quarter. Eqis Capital Management Inc. now owns 19,667 shares of the company’s stock valued at $1,140,000 after acquiring an additional 2,480 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Unilever PLC by 113.8% during the second quarter. Perigon Wealth Management LLC now owns 5,788 shares of the company’s stock valued at $313,000 after acquiring an additional 3,081 shares in the last quarter. Hall Laurie J Trustee raised its holdings in shares of Unilever PLC by 11.3% during the second quarter. Hall Laurie J Trustee now owns 14,535 shares of the company’s stock valued at $787,000 after acquiring an additional 1,475 shares in the last quarter. Finally, WFG Advisors LP raised its holdings in shares of Unilever PLC by 11.8% during the second quarter. WFG Advisors LP now owns 4,838 shares of the company’s stock valued at $262,000 after acquiring an additional 511 shares in the last quarter. Institutional investors own 7.32% of the company’s stock.

Unilever PLC Company Profile

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.

Analyst Recommendations for Unilever PLC (NYSE:UL)

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