DZ Bank Downgrades Unilever (UL) to Hold
Unilever (NYSE:UL) was downgraded by equities research analysts at DZ Bank from a “buy” rating to a “hold” rating in a research report issued on Thursday, The Fly reports.
Other equities analysts have also issued research reports about the company. UBS Group lowered Unilever from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th. Zacks Investment Research raised Unilever from a “sell” rating to a “hold” rating in a report on Friday, January 11th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Unilever in a report on Wednesday, January 30th. BNP Paribas downgraded Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Finally, Exane BNP Paribas downgraded Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.00.
Shares of UL stock traded up $0.09 on Thursday, hitting $58.78. 283,449 shares of the stock were exchanged, compared to its average volume of 675,137. The stock has a market capitalization of $68.64 billion, a P/E ratio of 21.22, a P/E/G ratio of 3.19 and a beta of 0.63. Unilever has a fifty-two week low of $50.80 and a fifty-two week high of $59.14.
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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