Unilever (LON:ULVR) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Unilever PLC (LON:ULVR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,575.73 and traded as high as GBX 4,770. Unilever shares last traded at GBX 4,744, with a volume of 2,483,578 shares.

Analysts Set New Price Targets

ULVR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Unilever from GBX 5,100 to GBX 5,050 and set a “buy” rating on the stock in a report on Friday, October 3rd. UBS Group reiterated a “sell” rating and issued a GBX 4,120 target price on shares of Unilever in a research note on Friday, October 17th. Jefferies Financial Group dropped their price target on shares of 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. Finally, 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 report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 4,690.

Unilever Stock Performance

The firm’s 50 day moving average price is GBX 4,659.41 and its 200-day moving average price is GBX 4,575.73. The firm has a market cap of £116.32 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 16.72 and a beta of 0.22. The company has a debt-to-equity ratio of 155.87, a current ratio of 0.77 and a quick ratio of 0.49.

Insider Activity

In related news, insider Zoe Yujnovich acquired 1,610 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of GBX 4,466 per share, for a total transaction of £71,902.60. Insiders own 1.37% of the company’s stock.

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. We have around 400 brands found in homes all over the world, 13 of which are in the top 50 consumer goods brands. Some of our iconic global brands include Dove, Hellmann’s, Knorr, Magnum, OMO and Surf.

Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance.