Unilever (LON:ULVR) Hits New 12-Month High – What’s Next?

Shares of Unilever PLC (LON:ULVR) hit a new 52-week high on Wednesday . The company traded as high as GBX 5,307 and last traded at GBX 5,305.20, with a volume of 64296520 shares changing hands. The stock had previously closed at GBX 5,244.

Analyst Upgrades and Downgrades

Several research firms recently commented on ULVR. JPMorgan Chase & Co. boosted their price objective on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Berenberg Bank lifted their target price on shares of Unilever from GBX 5,530 to GBX 5,600 and gave the stock a “buy” rating in a research report on Friday, January 16th. UBS Group reiterated a “sell” rating and issued a GBX 4,120 price target on shares of Unilever in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Unilever to a “hold” rating and set a GBX 5,150 price target on the stock. in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of GBX 4,711.67.

Unilever Price Performance

The company has a market capitalization of £118.50 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 16.72 and a beta of 0.22. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 155.87. The company’s 50 day simple moving average is GBX 4,860.78 and its 200-day simple moving average is GBX 4,658.08.

Insider Transactions at Unilever

In other news, insider Zoe Yujnovich bought 1,610 shares of the stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of GBX 4,466 per share, with a total value of £71,902.60. Company insiders own 1.39% of the company’s stock.

About Unilever

Unilever is one of the world’s leading suppliers of Beauty, Personal Care, Home Care, Nutrition, and Ice Cream products, with sales in over 190 countries and products used by 3.4 billion people every day. We have 148,000 employees and generated sales of €60.1 billion in 2022. 59% of our footprint is in developing and emerging markets. We have around 400 brands found in homes all over the world, 13 of which are in the top 50 consumer goods brands. Some of our iconic global brands include Dove, Hellmann’s, Knorr, Magnum, OMO and Surf.

Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance.