Unilever plc (LON:ULVR) Downgraded by Royal Bank Of Canada to Underperform

Unilever plc (LON:ULVR) was downgraded by research analysts at Royal Bank Of Canada to an “underperform” rating in a research note issued to investors on Thursday. They currently have a GBX 3,800 ($49.49) target price on the stock. Royal Bank Of Canada’s target price would suggest a potential downside of 14.20% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,850 ($63.16) price objective on shares of Unilever plc in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) set a GBX 4,050 ($52.74) price objective on Unilever plc and gave the stock a “sell” rating in a report on Monday, July 10th. J P Morgan Chase & Co increased their price objective on Unilever plc from GBX 3,950 ($51.44) to GBX 4,250 ($55.35) and gave the stock a “neutral” rating in a report on Monday, May 8th. Macquarie increased their price objective on Unilever plc from GBX 4,500 ($58.60) to GBX 4,700 ($61.21) and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Finally, Jefferies Group LLC increased their price objective on Unilever plc from GBX 4,490 ($58.47) to GBX 4,750 ($61.86) and gave the stock a “buy” rating in a report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. Unilever plc has a consensus rating of “Hold” and a consensus target price of GBX 4,219.91 ($54.95).

Shares of Unilever plc (LON ULVR) opened at 4409.00 on Thursday. The firm’s 50-day moving average is GBX 4,289.00 and its 200-day moving average is GBX 4,012.00. Unilever plc has a 52 week low of GBX 3,050.50 and a 52 week high of GBX 4,432.50. The company’s market cap is GBX 124.00 billion.

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In other Unilever plc news, insider Mary Ma acquired 460 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average cost of GBX 4,312 ($56.15) per share, with a total value of £19,835.20 ($25,830.45). Insiders have purchased 469 shares of company stock worth $2,022,457 over the last ninety days.

Unilever plc Company Profile

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.

Analyst Recommendations for Unilever plc (LON:ULVR)

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