Unilever PLC (NYSE:UL) Receives $61.75 Consensus Price Target from Brokerages

Shares of Unilever PLC (NYSE:UL) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $61.75.

Several brokerages have weighed in on UL. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On Unilever

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after acquiring an additional 911,443 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Unilever during the 2nd quarter valued at about $454,000. Bradley Foster & Sargent Inc. CT grew its position in shares of Unilever by 35.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 8,420 shares of the company’s stock valued at $463,000 after purchasing an additional 2,189 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Unilever by 14.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 164,607 shares of the company’s stock worth $9,052,000 after purchasing an additional 20,643 shares in the last quarter. Finally, Argent Trust Co raised its holdings in Unilever by 3.5% during the 2nd quarter. Argent Trust Co now owns 33,062 shares of the company’s stock worth $1,818,000 after buying an additional 1,117 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

UL stock opened at $56.70 on Friday. Unilever has a twelve month low of $46.46 and a twelve month high of $65.87. The business has a fifty day moving average of $57.53 and a 200-day moving average of $60.34.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.