Unilever (NYSE:UL) Now Covered by Analysts at HSBC

HSBC assumed coverage on shares of Unilever (NYSE:UL) in a research report issued to clients and investors on Friday, June 28th, Briefing.com Automated Import reports. The brokerage set a “hold” rating on the stock.

A number of other brokerages have also recently issued reports on UL. DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective on the stock in a research note on Tuesday, June 25th. Finally, Credit Suisse Group set a $77.00 price objective on Monster Beverage and gave the stock a “buy” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Unilever presently has a consensus rating of “Hold” and an average target price of $66.00.

Shares of Unilever stock traded down $0.95 on Friday, reaching $62.36. 526,943 shares of the company were exchanged, compared to its average volume of 537,364. Unilever has a one year low of $50.80 and a one year high of $64.10. The firm has a market cap of $73.98 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.57. The firm’s 50-day moving average is $62.47.

A number of hedge funds have recently bought and sold shares of the business. NEXT Financial Group Inc increased its position in Unilever by 11.8% during the 2nd quarter. NEXT Financial Group Inc now owns 1,520 shares of the company’s stock worth $94,000 after buying an additional 161 shares during the period. AdvisorNet Financial Inc increased its position in Unilever by 21.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 953 shares of the company’s stock worth $59,000 after buying an additional 167 shares during the period. OLD Second National Bank of Aurora increased its position in Unilever by 0.5% during the 2nd quarter. OLD Second National Bank of Aurora now owns 34,289 shares of the company’s stock worth $2,125,000 after buying an additional 184 shares during the period. Beacon Financial Group increased its position in Unilever by 0.4% during the 2nd quarter. Beacon Financial Group now owns 45,312 shares of the company’s stock worth $2,808,000 after buying an additional 186 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in shares of Unilever by 3.1% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 6,320 shares of the company’s stock worth $392,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 6.95% of the company’s stock.

Unilever Company Profile

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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Analyst Recommendations for Unilever (NYSE:UL)

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