Unilever (NYSE:UL) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Unilever (NYSE:UL) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Wednesday, Marketbeat reports.

UL has been the topic of a number of other research reports. Weiss Ratings raised Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Monday, October 12th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever in a research report on Thursday, September 24th. Finally, TD Cowen lowered their price target on Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.37.

Unilever Price Performance

Shares of NYSE:UL opened at $66.45 on Wednesday. The company’s 50-day moving average price is $63.56 and its two-hundred day moving average price is $62.68. Unilever has a one year low of $54.75 and a one year high of $74.97.

Institutional Investors Weigh In On Unilever

Institutional investors and hedge funds have recently modified their holdings of the company. Latitude Advisors LLC acquired a new position in Unilever during the third quarter worth approximately $26,000. Tompkins Financial Corp acquired a new stake in shares of Unilever in the third quarter valued at approximately $27,000. West Financial Advisors LLC bought a new position in shares of Unilever during the 3rd quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Unilever during the 3rd quarter worth approximately $28,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in shares of Unilever during the 3rd quarter worth approximately $30,000. 9.67% of the stock is owned by institutional investors.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods. The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.