Goldman Sachs Group upgraded shares of Unilever (NYSE:UL) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning, Briefing.com Automated Import reports.

Several other brokerages have also issued reports on UL. Zacks Investment Research upgraded Unilever from a sell rating to a hold rating in a research report on Thursday, August 29th. HSBC assumed coverage on Unilever in a research report on Friday, June 28th. They set a hold rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Unilever presently has a consensus rating of Hold and an average target price of $66.00.

Shares of NYSE:UL opened at $63.74 on Tuesday. Unilever has a 1 year low of $50.80 and a 1 year high of $64.84. The business has a 50 day simple moving average of $61.28 and a two-hundred day simple moving average of $59.78. The firm has a market capitalization of $74.48 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53.

Several large investors have recently made changes to their positions in UL. Lazard Asset Management LLC boosted its position in shares of Unilever by 406.0% during the first quarter. Lazard Asset Management LLC now owns 3,039,499 shares of the company’s stock valued at $175,439,000 after buying an additional 2,438,811 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Unilever by 5,957.8% in the second quarter. Thoroughbred Financial Services LLC now owns 1,218,640 shares of the company’s stock valued at $121,864,000 after purchasing an additional 1,198,523 shares during the period. Jane Street Group LLC boosted its holdings in shares of Unilever by 807.1% in the second quarter. Jane Street Group LLC now owns 642,423 shares of the company’s stock valued at $39,923,000 after purchasing an additional 571,602 shares during the period. Gabalex Capital Management LLC purchased a new stake in shares of Unilever in the second quarter valued at approximately $7,746,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Unilever in the second quarter valued at approximately $5,565,000. Institutional investors and hedge funds own 7.02% of the company’s stock.

About Unilever

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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Analyst Recommendations for Unilever (NYSE:UL)

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