Erste Group Bank Reaffirms Hold Rating for Unilever (NYSE:UL)

Unilever (NYSE:UL)‘s stock had its “hold” rating restated by analysts at Erste Group Bank in a research report issued on Tuesday,Benzinga reports.

A number of other brokerages also recently issued reports on UL. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, TD Cowen assumed coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Down 0.5 %

UL stock opened at $57.57 on Tuesday. The business’s 50-day moving average is $62.14 and its two-hundred day moving average is $59.52. Unilever has a 1 year low of $46.46 and a 1 year high of $65.87.

Institutional Trading of Unilever

Several hedge funds and other institutional investors have recently made changes to their positions in UL. O Shaughnessy Asset Management LLC boosted its stake in shares of Unilever by 17.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 73,307 shares of the company’s stock valued at $3,679,000 after buying an additional 10,870 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Unilever by 29.1% in the first quarter. Clearbridge Investments LLC now owns 186,247 shares of the company’s stock valued at $9,348,000 after purchasing an additional 41,976 shares during the period. Lake Street Advisors Group LLC boosted its holdings in Unilever by 86.5% during the first quarter. Lake Street Advisors Group LLC now owns 12,816 shares of the company’s stock worth $643,000 after buying an additional 5,945 shares in the last quarter. National Bank of Canada FI grew its position in Unilever by 10.5% during the first quarter. National Bank of Canada FI now owns 468,677 shares of the company’s stock worth $25,065,000 after buying an additional 44,717 shares during the period. Finally, Pitcairn Co. acquired a new stake in shares of Unilever during the 1st quarter valued at approximately $663,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

About Unilever

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.