Goldman Sachs Group Increases Unilever (LON:ULVR) Price Target to GBX 5,000
Unilever (LON:ULVR) had its price target lifted by equities research analysts at Goldman Sachs Group from GBX 4,900 ($64.46) to GBX 5,000 ($65.77) in a note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s target price indicates a potential upside of 15.18% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their target price on shares of Unilever from GBX 5,000 ($65.77) to GBX 5,100 ($67.09) and gave the stock a “buy” rating in a research note on Monday, February 3rd. Credit Suisse Group reiterated a “buy” rating and issued a GBX 4,925 ($64.79) target price on shares of Unilever in a research note on Tuesday, March 10th. Deutsche Bank reiterated a “buy” rating and issued a GBX 4,500 ($59.19) target price on shares of Unilever in a research note on Wednesday, January 8th. JPMorgan Chase & Co. restated a “sell” rating and set a GBX 4,210 ($55.38) price objective on shares of Unilever in a research note on Tuesday, January 14th. Finally, UBS Group restated a “neutral” rating on shares of Unilever in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 4,640.45 ($61.04).
ULVR stock traded up GBX 238 ($3.13) during trading on Tuesday, reaching GBX 4,341 ($57.10). The company had a trading volume of 6,044,787 shares, compared to its average volume of 2,750,000. The firm has a 50-day simple moving average of GBX 4,399.14 and a 200-day simple moving average of GBX 4,569.01. The company has a market cap of $47.90 billion and a price-to-earnings ratio of 17.18. The company has a debt-to-equity ratio of 203.49, a quick ratio of 0.58 and a current ratio of 0.78. Unilever has a twelve month low of GBX 4,021.50 ($52.90) and a twelve month high of GBX 5,333 ($70.15).
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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