Unilever (NYSE:UL) Cut to Sell at Societe Generale

Unilever (NYSE:UL) was downgraded by Societe Generale from a “buy” rating to a “sell” rating in a research report issued on Thursday, Briefing.com reports.

Separately, Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, February 10th. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.00.

Shares of NYSE UL opened at $56.69 on Thursday. The stock has a market capitalization of $149.05 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 4.19 and a beta of 0.44. Unilever has a 12 month low of $49.75 and a 12 month high of $63.89. The firm’s 50 day simple moving average is $54.93 and its 200-day simple moving average is $58.58.

A number of institutional investors have recently added to or reduced their stakes in the stock. Liberty One Investment Management LLC grew its stake in Unilever by 8.9% in the 1st quarter. Liberty One Investment Management LLC now owns 17,054 shares of the company’s stock valued at $952,000 after acquiring an additional 1,399 shares during the period. Smithbridge Asset Management Inc. DE grew its stake in Unilever by 10.5% in the 1st quarter. Smithbridge Asset Management Inc. DE now owns 35,811 shares of the company’s stock valued at $1,999,000 after acquiring an additional 3,390 shares during the period. Fulton Bank N.A. boosted its stake in Unilever by 9.3% during the 1st quarter. Fulton Bank N.A. now owns 41,378 shares of the company’s stock worth $2,310,000 after purchasing an additional 3,537 shares during the last quarter. Park National Corp OH acquired a new stake in Unilever during the 1st quarter worth $203,000. Finally, Koshinski Asset Management Inc. acquired a new stake in Unilever during the 4th quarter worth $691,000.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, the Middle East, Turkey, Russia, Ukraine, Belarus, the Americas, and Europe. 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 under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmé, and Vaseline brands.

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Analyst Recommendations for Unilever (NYSE:UL)

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