Unilever (UL) Stock Rating Reaffirmed by J P Morgan Chase & Co
Unilever (NYSE:UL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at J P Morgan Chase & Co in a research report issued on Monday.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Argus began coverage on shares of Unilever in a research note on Friday, November 17th. They set a “hold” rating on the stock. Finally, Morgan Stanley reaffirmed a “neutral” rating on shares of Unilever in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Unilever currently has a consensus rating of “Hold” and an average price target of $44.50.
Unilever (UL) opened at $55.75 on Monday. Unilever has a 52-week low of $40.13 and a 52-week high of $60.13.
Several institutional investors and hedge funds have recently made changes to their positions in UL. Jackson Wealth Management LLC bought a new stake in Unilever during the third quarter worth about $5,785,000. Richard C. Young & CO. LTD. boosted its stake in Unilever by 1.0% during the second quarter. Richard C. Young & CO. LTD. now owns 232,677 shares of the company’s stock worth $12,592,000 after acquiring an additional 2,236 shares in the last quarter. Renaissance Group LLC boosted its stake in Unilever by 0.9% during the second quarter. Renaissance Group LLC now owns 315,486 shares of the company’s stock worth $17,074,000 after acquiring an additional 2,869 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Unilever by 9.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 82,998 shares of the company’s stock worth $4,492,000 after acquiring an additional 7,023 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC boosted its stake in Unilever by 10.6% during the second quarter. Matthew Goff Investment Advisor LLC now owns 57,122 shares of the company’s stock worth $3,091,000 after acquiring an additional 5,472 shares in the last quarter. 7.09% of the stock is currently owned by hedge funds and other institutional investors.
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Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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