Unilever (NYSE:UL – Get Rating) was upgraded by research analysts at Berenberg Bank from a "hold" rating to a "buy" rating in a research report issued on Monday, The Fly reports.
Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein upgraded Unilever from a "market perform" rating to an "outperform" rating in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft upgraded Unilever from a "hold" rating to a "buy" rating in a report on Tuesday, July 26th. StockNews.com initiated coverage on Unilever in a research report on Friday, September 16th. They set a "buy" rating for the company. Finally, DZ Bank cut Unilever from a "buy" rating to a "hold" rating in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".
Get Unilever alerts:Unilever Trading Down 1.2 %
NYSE:UL opened at $43.31 on Monday. Unilever has a twelve month low of $42.54 and a twelve month high of $55.01. The stock has a fifty day simple moving average of $46.60 and a 200-day simple moving average of $45.79.
Institutional Investors Weigh In On Unilever
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citizens National Bank Trust Department acquired a new stake in Unilever in the fourth quarter valued at $27,000. Cornerstone Advisory LLC bought a new stake in shares of Unilever in the 4th quarter worth approximately $27,000. Covestor Ltd raised its holdings in shares of Unilever by 204.6% in the 1st quarter. Covestor Ltd now owns 667 shares of the company's stock worth $30,000 after purchasing an additional 448 shares during the period. Financial Connections Group Inc. grew its stake in Unilever by 140.2% in the 2nd quarter. Financial Connections Group Inc. now owns 699 shares of the company's stock valued at $32,000 after buying an additional 408 shares in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new position in Unilever in the fourth quarter worth $39,000. 9.68% of the stock is owned by institutional investors.About Unilever
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Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.
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