Berenberg Bank Lowers Unilever plc (ULVR) Price Target to GBX 3,900
Unilever plc (LON:ULVR) had its target price decreased by investment analysts at Berenberg Bank from GBX 4,100 ($50.86) to GBX 3,900 ($48.38) in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 22.03% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Deutsche Bank AG set a GBX 3,600 ($44.66) price target on shares of Unilever plc and gave the stock a “buy” rating in a research note on Tuesday, August 30th. Citigroup Inc. set a GBX 4,060 ($50.37) price target on shares of Unilever plc and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Sanford C. Bernstein set a GBX 4,200 ($52.10) price target on shares of Unilever plc and gave the stock a “buy” rating in a research note on Monday, August 22nd. Barclays PLC set a GBX 3,950 ($49.00) target price on shares of Unilever plc and gave the stock a “buy” rating in a research note on Monday, October 10th. Finally, Shore Capital reaffirmed a “buy” rating and issued a GBX 3,723 ($46.19) target price on shares of Unilever plc in a research note on Thursday, October 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Unilever plc has an average rating of “Hold” and an average price target of GBX 3,762 ($46.67).
Unilever plc (LON:ULVR) opened at 3196.00 on Tuesday. Unilever plc has a 1-year low of GBX 2,715.00 and a 1-year high of GBX 3,807.50. The firm has a 50 day moving average of GBX 3,358.74 and a 200-day moving average of GBX 3,427.28. The company’s market capitalization is GBX 90.73 billion.
The firm also recently declared a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Thursday, October 27th will be given a dividend of GBX 28.90 ($0.36) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a dividend yield of 0.8%. This is a positive change from Unilever plc’s previous dividend of $26.89.
Unilever plc Company Profile
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.