The Unilever Group (ULVR.L) (LON:ULVR) Rating Reiterated by Berenberg Bank

Berenberg Bank reissued their neutral rating on shares of The Unilever Group (ULVR.L) (LON:ULVR) in a report released on Friday morning, AnalystRatings.net reports. Berenberg Bank currently has a GBX 4,900 ($64.02) target price on the stock.

Several other equities analysts have also commented on ULVR. Royal Bank of Canada reiterated an underperform rating and set a GBX 3,700 ($48.34) price objective (up from GBX 3,000 ($39.20)) on shares of The Unilever Group (ULVR.L) in a research report on Friday, July 24th. JPMorgan Chase & Co. set a GBX 4,900 ($64.02) price target on shares of The Unilever Group (ULVR.L) and gave the company a neutral rating in a research report on Thursday, October 22nd. Jefferies Financial Group set a GBX 5,300 ($69.24) price objective on shares of The Unilever Group (ULVR.L) and gave the stock a buy rating in a report on Tuesday, September 22nd. Liberum Capital increased their target price on shares of The Unilever Group (ULVR.L) from GBX 5,100 ($66.63) to GBX 5,290 ($69.11) and gave the company a buy rating in a report on Thursday, July 23rd. Finally, Barclays set a GBX 5,480 ($71.60) price target on shares of The Unilever Group (ULVR.L) and gave the stock a buy rating in a research note on Thursday, October 22nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The Unilever Group (ULVR.L) has a consensus rating of Hold and a consensus price target of GBX 4,801.36 ($62.73).

ULVR opened at GBX 4,646 ($60.70) on Friday. The business’s fifty day simple moving average is GBX 4,773.29 and its 200 day simple moving average is GBX 4,457.77. The Unilever Group has a 52 week low of GBX 3,583.50 ($46.82) and a 52 week high of GBX 4,944 ($64.59). The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 158.06. The stock has a market cap of $126.92 billion and a PE ratio of 18.39.

The firm also recently declared a dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, October 29th will be issued a dividend of GBX 37.46 ($0.49) per share. This represents a yield of 0.79%. The ex-dividend date is Thursday, October 29th. This is an increase from The Unilever Group (ULVR.L)’s previous dividend of $36.98. The Unilever Group (ULVR.L)’s payout ratio is currently 59.36%.

In other news, insider Graeme Pitkethly sold 46,000 shares of The Unilever Group (ULVR.L) stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of GBX 4,539 ($59.30), for a total value of £2,087,940 ($2,727,906.98).

About The Unilever Group (ULVR.L)

The Unilever Group, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers 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 The Unilever Group (ULVR.L) (LON:ULVR)

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