StockNews.com Upgrades Unilever (NYSE:UL) to “Buy”

Unilever (NYSE:UL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research analysts also recently weighed in on UL. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. TD Cowen initiated coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Trading Down 0.1 %

Shares of NYSE UL opened at $62.84 on Friday. Unilever has a 1 year low of $46.16 and a 1 year high of $65.87. The company’s 50-day moving average is $63.39 and its 200 day moving average is $56.82.

Hedge Funds Weigh In On Unilever

Hedge funds have recently bought and sold shares of the company. Red Tortoise LLC purchased a new position in Unilever in the first quarter worth about $26,000. Rise Advisors LLC purchased a new position in Unilever in the 1st quarter worth approximately $28,000. Quent Capital LLC bought a new position in Unilever in the 1st quarter valued at approximately $28,000. ST Germain D J Co. Inc. boosted its stake in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after purchasing an additional 428 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.