Unilever (NYSE:UL) Stock Rating Upgraded by StockNews.com

Unilever (NYSE:UL) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Other equities analysts have also issued research reports about the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Price Performance

Shares of UL opened at $55.65 on Tuesday. Unilever has a 1 year low of $46.46 and a 1 year high of $65.87. The company’s 50 day simple moving average is $56.91 and its 200 day simple moving average is $60.16.

Hedge Funds Weigh In On Unilever

Hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in shares of Unilever in the 4th quarter worth approximately $26,000. Financial Life Planners acquired a new position in shares of Unilever in the fourth quarter worth about $28,000. VSM Wealth Advisory LLC acquired a new position in shares of Unilever in the fourth quarter worth about $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever in the fourth quarter worth about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever in the third quarter worth about $35,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Company Profile

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.