Unilever (NYSE:UL) Rating Lowered to “Strong Sell” at Zacks Research

Unilever (NYSE:UL) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the company. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Argus raised Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.55.

Unilever Stock Performance

Shares of NYSE:UL opened at $60.05 on Monday. Unilever has a 12-month low of $54.75 and a 12-month high of $74.97. The company’s 50 day moving average price is $57.86 and its two-hundred day moving average price is $62.74.

Institutional Trading of Unilever

Several large investors have recently bought and sold shares of UL. Elyxium Wealth LLC bought a new position in Unilever in the fourth quarter valued at about $25,000. Bard Associates Inc. bought a new position in shares of Unilever in the fourth quarter worth about $27,000. Palisade Asset Management LLC acquired a new stake in shares of Unilever in the 3rd quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in shares of Unilever in the 1st quarter valued at approximately $25,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of Unilever during the 4th quarter valued at approximately $29,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.