JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Unilever (LON:ULVR) Stock

Unilever (LON:ULVR) had its target price hoisted by analysts at JPMorgan Chase & Co. from GBX 5,400 to GBX 5,700 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 26.27% from the company’s current price.

A number of other brokerages have also recently issued reports on ULVR. Jefferies Financial Group reduced their price objective on Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating on the stock in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating on the stock in a research report on Friday, October 3rd. UBS Group reaffirmed a “sell” rating and issued a GBX 4,120 price target on shares of Unilever in a research note on Friday, October 17th. Berenberg Bank increased their price objective on Unilever from GBX 5,500 to GBX 5,570 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada raised their target price on shares of Unilever from GBX 3,800 to GBX 3,900 and gave the stock an “underperform” rating in a report on Monday, August 4th. Three analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 4,690.

Unilever Trading Down 0.2%

Shares of ULVR stock opened at GBX 4,514.09 on Wednesday. The business has a 50-day moving average price of GBX 4,528.48 and a two-hundred day moving average price of GBX 4,559.25. Unilever has a 12-month low of GBX 4,311 and a 12-month high of GBX 4,910. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 155.87. The firm has a market cap of £110.68 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22.

Insider Transactions at Unilever

In related news, insider Zoe Yujnovich acquired 1,610 shares of the stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of GBX 4,466 per share, for a total transaction of £71,902.60. 1.37% of the stock is currently owned by insiders.

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.