Unilever PLC (NYSE:UL) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $67.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 22.29% from the stock’s current price.

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 brokerages have also recently commented on UL. Royal Bank Of Canada cut Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Morgan Stanley restated a “neutral” rating on shares of Unilever PLC in a research report on Wednesday, October 11th. UBS AG restated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Unilever PLC currently has a consensus rating of “Hold” and a consensus target price of $46.50.

Shares of Unilever PLC (UL) opened at 54.79 on Thursday. Unilever PLC has a one year low of $38.58 and a one year high of $60.13. The company has a market cap of $154.10 billion, a price-to-earnings ratio of 22.46 and a beta of 0.88. The firm has a 50-day moving average of $58.23 and a 200 day moving average of $55.42.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Capital Advisers Inc. grew its position in Unilever PLC by 2.6% in the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after acquiring an additional 50 shares during the last quarter. Hanson & Doremus Investment Management grew its position in Unilever PLC by 7.2% in the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock valued at $121,000 after acquiring an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC grew its position in Unilever PLC by 22.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock valued at $182,000 after acquiring an additional 613 shares during the last quarter. NEXT Financial Group Inc grew its position in Unilever PLC by 7.6% in the second quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock valued at $196,000 after acquiring an additional 256 shares during the last quarter. Finally, Northstar Group Inc. bought a new position in Unilever PLC in the second quarter valued at about $211,000. 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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