Unilever (LON:ULVR) Price Target Raised to GBX 4,000 at Jefferies Financial Group

Unilever (LON:ULVR) had its target price upped by Jefferies Financial Group from GBX 3,700 ($46.80) to GBX 4,000 ($50.59) in a research note issued to investors on Tuesday, Marketbeat reports. Jefferies Financial Group currently has an underperform rating on the stock.

ULVR has been the topic of several other research reports. JPMorgan Chase & Co. raised shares of Unilever to an overweight rating and lifted their price objective for the stock from GBX 3,600 ($45.54) to GBX 5,100 ($64.51) in a research note on Thursday, May 23rd. Berenberg Bank reaffirmed a buy rating and issued a GBX 4,960 ($62.74) price objective on shares of Unilever in a research note on Thursday, April 25th. Finally, Barclays reissued an overweight rating and issued a GBX 4,600 ($58.18) target price on shares of Unilever in a research report on Monday, April 8th.

Unilever Stock Performance

Shares of ULVR opened at GBX 4,308 ($54.49) on Tuesday. The firm’s 50 day moving average is GBX 4,289.22 and its 200-day moving average is GBX 4,013.21. The stock has a market capitalization of £107.70 billion, a P/E ratio of 1,976.15, a P/E/G ratio of 16.36 and a beta of 0.16. The company has a debt-to-equity ratio of 142.66, a current ratio of 0.76 and a quick ratio of 0.49. Unilever has a 12-month low of GBX 3,680.50 ($46.55) and a 12-month high of GBX 4,464 ($56.46).

Unilever Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 16th were paid a GBX 36.74 ($0.46) dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Unilever’s previous dividend of $36.47. Unilever’s dividend payout ratio is currently 6,743.12%.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.