Unilever (LON:ULVR) Sets New 1-Year High – What’s Next?

Shares of Unilever PLC (LON:ULVR) 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 trading hands. The stock had previously closed at GBX 5,420.

Wall Street Analysts Forecast Growth

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

Unilever Trading Up 0.8%

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 firm has a 50-day moving average price of GBX 4,904.17 and a 200-day moving average price of GBX 4,674.63. The company has a market capitalization of £119.15 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 16.72 and a beta of 0.22.

Unilever Company Profile

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.