Unilever (NYSE:UN) was downgraded by equities researchers at UBS Group from a “neutral” rating to a “sell” rating in a report released on Monday, The Fly reports.

A number of other brokerages have also weighed in on UN. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a report on Monday, May 4th. Argus decreased their target price on Unilever from $65.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Barclays reiterated an “equal weight” rating on shares of Unilever in a research report on Monday, June 8th. Finally, Morgan Stanley downgraded Unilever from an “overweight” rating to an “underweight” rating in a research report on Tuesday, April 7th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.00.

Shares of UN stock opened at $53.27 on Monday. The business’s fifty day moving average price is $51.92 and its 200 day moving average price is $53.43. Unilever has a 1-year low of $42.00 and a 1-year high of $63.62. The firm has a market capitalization of $93.47 billion, a PE ratio of 18.63 and a beta of 0.52. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.78 and a quick ratio of 0.58.

Several large investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Unilever by 0.6% in the first quarter. Wellington Management Group LLP now owns 19,857,474 shares of the company’s stock valued at $968,847,000 after acquiring an additional 111,654 shares in the last quarter. BlackRock Inc. increased its stake in Unilever by 50.6% in the first quarter. BlackRock Inc. now owns 16,911,651 shares of the company’s stock valued at $825,120,000 after purchasing an additional 5,679,248 shares during the last quarter. Bank of America Corp DE increased its stake in Unilever by 4.3% in the fourth quarter. Bank of America Corp DE now owns 7,084,859 shares of the company’s stock valued at $407,096,000 after purchasing an additional 291,446 shares during the last quarter. Wells Fargo & Company MN increased its stake in Unilever by 80.2% in the first quarter. Wells Fargo & Company MN now owns 3,596,862 shares of the company’s stock valued at $175,491,000 after purchasing an additional 1,600,784 shares during the last quarter. Finally, Morgan Stanley increased its stake in Unilever by 128.6% in the first quarter. Morgan Stanley now owns 3,266,177 shares of the company’s stock valued at $159,357,000 after purchasing an additional 1,837,336 shares during the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

About Unilever

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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The Fly

Analyst Recommendations for Unilever (NYSE:UN)

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