Jefferies Group Cuts Unilever plc (ULVR) Price Target to GBX 3,400
Unilever plc (LON:ULVR) had its target price cut by investment analysts at Jefferies Group from GBX 3,720 ($46.48) to GBX 3,400 ($42.48) in a research report issued to clients and investors on Monday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would indicate a potential upside of 7.16% from the company’s previous close.
Other analysts have also issued research reports about the company. Shore Capital reiterated a “buy” rating and issued a GBX 3,723 ($46.51) price target on shares of Unilever plc in a report on Thursday, October 13th. Liberum Capital reissued a “sell” rating and issued a GBX 3,150 ($39.36) price objective on shares of Unilever plc in a research note on Wednesday, August 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Unilever plc in a research note on Tuesday, October 4th. BNP Paribas increased their price objective on Unilever plc from GBX 3,800 ($47.48) to GBX 4,200 ($52.47) and gave the stock an “outperform” rating in a research note on Friday, October 14th. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 3,660 ($45.73) price objective on shares of Unilever plc in a research note on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 3,773.11 ($47.14).
Shares of Unilever plc (LON:ULVR) opened at 3172.8711 on Monday. Unilever plc has a 52 week low of GBX 2,715.00 and a 52 week high of GBX 3,807.50. The firm’s 50-day moving average price is GBX 3,383.28 and its 200 day moving average price is GBX 3,423.56. The stock’s market capitalization is GBX 90.07 billion.
The business also recently declared a dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Thursday, October 27th will be given a dividend of GBX 28.90 ($0.36) per share. This is an increase from Unilever plc’s previous dividend of $26.89. This represents a yield of 0.8%. The ex-dividend date is Thursday, October 27th.
About Unilever plc
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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