Unilever (LON:ULVR) Reaches New 1-Year Low – Here’s Why

Unilever PLC (LON:ULVR) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 4,609.50 and last traded at GBX 4,629.21, with a volume of 2724492 shares changing hands. The stock had previously closed at GBX 4,744.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ULVR shares. JPMorgan Chase & Co. upped their price target on Unilever from GBX 5,400 to GBX 5,700 and gave the company an “overweight” rating in a report on Wednesday, November 26th. UBS Group restated a “sell” rating and set a GBX 4,120 price objective on shares of Unilever in a research report on Friday, October 17th. Jefferies Financial Group dropped their target price on shares of Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating on the stock in a research report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus target price of GBX 4,690.

Unilever Trading Down 2.4%

The business’s 50-day moving average price is GBX 4,659.41 and its 200-day moving average price is GBX 4,575.73. The firm has a market capitalization of £113.50 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22. The company has a debt-to-equity ratio of 155.87, a current ratio of 0.77 and a quick ratio of 0.49.

Insider Transactions at Unilever

In other Unilever news, insider Zoe Yujnovich acquired 1,610 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of GBX 4,466 per share, for a total transaction of £71,902.60. Insiders own 1.37% of the company’s stock.

About Unilever

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.