UBS Group Lowers Unilever (LON:ULVR) to Sell
Unilever (LON:ULVR) was downgraded by investment analysts at UBS Group to a “sell” rating in a report released on Monday, Borsen Zeitung reports. They presently have a GBX 4,000 ($49.22) price objective on the stock, down from their previous price objective of GBX 4,150 ($51.07). UBS Group’s target price suggests a potential downside of 8.15% from the stock’s previous close.
A number of other analysts also recently weighed in on the stock. Liberum Capital reaffirmed a “buy” rating on shares of Unilever in a report on Thursday, June 11th. Berenberg Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, June 16th. Goldman Sachs Group upped their price target on shares of Unilever from GBX 4,800 ($59.07) to GBX 4,900 ($60.30) and gave the stock a “buy” rating in a report on Monday, June 15th. Barclays increased their price objective on shares of Unilever from GBX 4,310 ($53.04) to GBX 4,370 ($53.78) and gave the company an “equal weight” rating in a research note on Monday. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Unilever in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 4,499.55 ($55.37).
Shares of Unilever stock opened at GBX 4,355 ($53.59) on Monday. The company has a 50 day moving average of GBX 4,331.52 and a 200-day moving average of GBX 4,305.99. Unilever has a 1-year low of GBX 3,583.50 ($44.10) and a 1-year high of GBX 5,333 ($65.63). The company has a current ratio of 0.78, a quick ratio of 0.53 and a debt-to-equity ratio of 203.49. The company has a market cap of $52.61 billion and a PE ratio of 17.58.
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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