Unilever (LON:ULVR) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Unilever PLC (LON:ULVR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,553.99 and traded as high as GBX 4,879.54. Unilever shares last traded at GBX 4,793.50, with a volume of 2,605,302 shares traded.

Analysts Set New Price Targets

ULVR has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Jefferies Financial Group lowered their target price on Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating on the stock in a research report on Wednesday, October 1st. UBS Group reaffirmed a “sell” rating and set a GBX 4,120 target price on shares of Unilever in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating for the company in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 4,690.

Unilever Stock Down 1.1%

The company has a debt-to-equity ratio of 155.87, a quick ratio of 0.49 and a current ratio of 0.77. The stock’s fifty day simple moving average is GBX 4,581.85 and its two-hundred day simple moving average is GBX 4,553.99. The company has a market capitalization of £117.53 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 16.72 and a beta of 0.22.

Insider Buying and Selling

In other Unilever news, insider Zoe Yujnovich bought 1,610 shares of Unilever stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased 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 corporate insiders.

Unilever Company Profile

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.