Analysts Set Unilever PLC (NYSE:UL) PT at $73.00

Unilever PLC (NYSE:UL) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $73.00.

Several brokerages have recently commented on UL. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Wednesday, November 5th. Zacks Research downgraded shares of Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. CICC Research began coverage on Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th.

Unilever Trading Down 1.8%

Shares of UL stock opened at $59.23 on Thursday. Unilever has a 52-week low of $54.32 and a 52-week high of $65.66. The business’s fifty day moving average is $60.99 and its 200 day moving average is $61.64.

Institutional Investors Weigh In On Unilever

A number of hedge funds have recently made changes to their positions in the business. Financial Life Planners purchased a new stake in Unilever in the third quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Unilever in the 1st quarter worth approximately $30,000. GPS Wealth Strategies Group LLC lifted its stake in shares of Unilever by 141.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 514 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever during the third quarter valued at approximately $32,000. Finally, Brentview Investment Management LLC purchased a new stake in Unilever in the first quarter worth $33,000. 9.67% of the stock is currently owned by institutional investors.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.