Unilever (LON:ULVR) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Unilever PLC (LON:ULVR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,598.38 ($62.38) and traded as high as GBX 4,678 ($63.46). Unilever shares last traded at GBX 4,630 ($62.81), with a volume of 3,741,437 shares.

Wall Street Analysts Forecast Growth

ULVR has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their target price on Unilever from GBX 3,800 to GBX 3,900 and gave the stock an “underperform” rating in a research report on Monday, August 4th. UBS Group reiterated a “sell” rating and set a GBX 4,120 target price on shares of Unilever in a research report on Friday, September 5th. Royal Bank Of Canada raised their price target on Unilever from GBX 3,800 to GBX 3,900 and gave the stock an “underperform” rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft raised their price target on Unilever from GBX 4,900 to GBX 5,100 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Berenberg Bank raised their price target on Unilever from GBX 5,500 to GBX 5,570 and gave the stock a “buy” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of GBX 4,518.

Unilever Price Performance

The stock has a fifty day simple moving average of GBX 4,552.05 and a two-hundred day simple moving average of GBX 4,598.38. The company has a market cap of £113.52 billion, a PE ratio of 2,066.96, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 155.87.

About Unilever

Unilever is one of the world’s leading suppliers of Beauty, Personal Care, Home Care, Nutrition, and Ice Cream products, with sales in over 190 countries and products used by 3.4 billion people every day. We have 148,000 employees and generated sales of €60.1 billion in 2022. 59% of our footprint is in developing and emerging markets.