Unilever’s (ULVR) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Unilever (LON:ULVR) in a report released on Thursday morning, MarketBeat.com reports.

A number of other brokerages also recently issued reports on ULVR. Barclays reaffirmed an overweight rating and issued a GBX 4,600 ($58.18) price objective on shares of Unilever in a research report on Monday, April 8th. Jefferies Financial Group boosted their target price on shares of Unilever from GBX 3,700 ($46.80) to GBX 4,000 ($50.59) and gave the stock an underperform rating in a research report on Tuesday. Finally, Berenberg Bank reissued a buy rating and set a GBX 4,960 ($62.74) target price on shares of Unilever in a research report on Thursday, April 25th.

Unilever Stock Up 0.2 %

Shares of Unilever stock opened at GBX 4,346 ($54.97) on Thursday. The firm’s 50 day moving average price is GBX 4,306.94 and its 200-day moving average price is GBX 4,019.09. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 142.66. Unilever has a 52-week low of GBX 3,680.50 ($46.55) and a 52-week high of GBX 4,464 ($56.46). The company has a market cap of £108.65 billion, a P/E ratio of 1,988.99, a PEG ratio of 16.36 and a beta of 0.16.

Unilever Increases Dividend

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

About Unilever

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.