Unilever (LON:ULVR) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Unilever PLC (LON:ULVR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,598.98 and traded as high as GBX 4,864. Unilever shares last traded at GBX 4,864, with a volume of 2,248,444 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ULVR shares. UBS Group reaffirmed a “sell” rating and set a GBX 4,120 price target on shares of Unilever in a research note on Friday, October 17th. Jefferies Financial Group dropped their price objective on Unilever from GBX 3,900 to GBX 3,800 and set an “underperform” rating for the company in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, Berenberg Bank boosted their price target on shares of Unilever from GBX 5,530 to GBX 5,600 and gave the stock a “buy” rating in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 4,695.

Unilever Price Performance

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 company has a market capitalization of £106.07 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22. The company has a 50-day moving average price of GBX 4,701.61 and a 200-day moving average price of GBX 4,598.98.

Insider Transactions at Unilever

In other news, insider Zoe Yujnovich acquired 1,610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of GBX 4,466 per share, for a total transaction of £71,902.60. Corporate insiders own 1.37% of the company’s stock.

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. 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.