Unilever (LON:ULVR) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Unilever PLC (LON:ULVR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,740.74 and traded as high as GBX 5,305.02. Unilever shares last traded at GBX 5,134, with a volume of 685,387,188 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ULVR shares. Deutsche Bank Aktiengesellschaft cut Unilever to a “hold” rating and set a GBX 5,150 target price on the stock. in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Berenberg Bank raised their price target on shares of Unilever from GBX 5,530 to GBX 5,600 and gave the company a “buy” rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Unilever currently has a consensus rating of “Reduce” and a consensus target price of GBX 4,711.67.

Unilever Trading Up 0.4%

The company has a debt-to-equity ratio of 190.62, a current ratio of 0.79 and a quick ratio of 0.49. The company has a market capitalization of £112.39 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 16.72 and a beta of 0.24. The firm has a fifty day moving average price of GBX 5,018.30 and a 200-day moving average price of GBX 4,740.74.

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.