Unilever (LON:ULVR) Hits New 52-Week High – Time to Buy?

Unilever PLC (LON:ULVR)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 5,474 and last traded at GBX 5,464, with a volume of 45460234 shares changing hands. The stock had previously closed at GBX 5,420.

Analyst Ratings Changes

Several research firms recently commented on ULVR. JPMorgan Chase & Co. increased their target price on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Berenberg Bank upped their price target on Unilever from GBX 5,530 to GBX 5,600 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered Unilever to a “hold” rating and set a GBX 5,150 price objective for the company. in a research note on Monday, February 9th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of GBX 4,711.67.

Unilever Stock Up 0.8%

The company has a debt-to-equity ratio of 155.87, a quick ratio of 0.49 and a current ratio of 0.77. The stock has a market cap of £119.15 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22. The business’s 50 day moving average is GBX 4,904.17 and its 200 day moving average is GBX 4,674.63.

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.