Berenberg Bank Lowers Unilever plc (ULVR) Price Target to GBX 3,900
Unilever plc (LON:ULVR) had its target price lowered by research analysts at Berenberg Bank from GBX 4,100 ($50.86) to GBX 3,900 ($48.38) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 22.03% from the company’s current price.
Several other analysts have also recently commented on the company. Jefferies Group dropped their price target on Unilever plc from GBX 3,720 ($46.15) to GBX 3,400 ($42.18) and set a “hold” rating for the company in a research report on Monday. Goldman Sachs Group Inc. set a GBX 3,035 ($37.65) price target on Unilever plc and gave the stock a “sell” rating in a research report on Friday, November 25th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unilever plc in a research report on Thursday, November 17th. Liberum Capital reiterated a “sell” rating and set a GBX 3,200 ($39.70) price target on shares of Unilever plc in a research report on Monday, November 14th. Finally, Morgan Stanley set a GBX 4,000 ($49.62) price objective on Unilever plc and gave the stock a “neutral” rating in a research note on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 3,762 ($46.67).
Unilever plc (LON:ULVR) opened at 3196.00 on Tuesday. The stock’s 50 day moving average price is GBX 3,358.74 and its 200 day moving average price is GBX 3,427.28. The stock’s market cap is GBX 90.73 billion. Unilever plc has a 52 week low of GBX 2,715.00 and a 52 week high of GBX 3,807.50.
The firm also recently disclosed a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Thursday, October 27th will be issued a GBX 28.90 ($0.36) dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a dividend yield of 0.8%. This is an increase from Unilever plc’s previous dividend of $26.89.
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Unilever plc Company Profile
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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