Unilever (NYSE:UL) Stock Rating Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Unilever (NYSE:UL) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat reports.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Unilever in a research note on Tuesday, July 28th. Morningstar downgraded Unilever to a “hold” rating in a research report on Thursday, July 30th. Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. TD Cowen decreased their price target on Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Unilever in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.37.

Unilever Stock Performance

UL opened at $66.45 on Wednesday. The business has a fifty day simple moving average of $63.56 and a 200 day simple moving average of $62.68. Unilever has a 1 year low of $54.75 and a 1 year high of $74.97.

Institutional Trading of Unilever

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in Unilever by 674.2% in the first quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after acquiring an additional 2,433,625 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Unilever during the first quarter worth $67,107,000. Bank of America Corp DE lifted its stake in Unilever by 16.4% during the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after purchasing an additional 937,346 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Unilever by 1.9% in the 3rd quarter. Fisher Asset Management LLC now owns 25,158,470 shares of the company’s stock valued at $1,527,874,000 after purchasing an additional 464,998 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Unilever by 13.6% in the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after purchasing an additional 406,610 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods. The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.