Unilever (NYSE:UL) Raised to “Buy” at DZ Bank

Unilever (NYSE:UL) was upgraded by DZ Bank from a “hold” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat.com reports.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.75.

Unilever Trading Up 1.1 %

Shares of Unilever stock opened at $56.14 on Friday. Unilever has a 52-week low of $46.46 and a 52-week high of $65.87. The company’s 50-day simple moving average is $56.79 and its 200-day simple moving average is $60.09.

Institutional Trading of Unilever

Several institutional investors and hedge funds have recently modified their holdings of UL. Golden State Wealth Management LLC acquired a new stake in shares of Unilever during the fourth quarter valued at $26,000. Financial Life Planners purchased a new position in Unilever in the 4th quarter valued at about $28,000. VSM Wealth Advisory LLC acquired a new stake in shares of Unilever during the 4th quarter worth about $28,000. Roxbury Financial LLC purchased a new stake in shares of Unilever during the fourth quarter worth about $30,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Unilever during the fourth quarter worth about $30,000. Hedge funds and other institutional investors 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.