Unilever (NYSE:UL) Cut to “Underperform” at Royal Bank of Canada

Unilever (NYSE:UL) was downgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating in a research note issued to investors on Monday,Briefing.com Automated Import reports.

A number of other research firms have also issued reports on UL. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.75.

Unilever Trading Down 0.0 %

Shares of NYSE UL opened at $56.51 on Monday. The company has a 50 day simple moving average of $58.73 and a two-hundred day simple moving average of $60.36. The stock has a market cap of $140.03 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.80 and a beta of 0.49. Unilever has a 12 month low of $46.46 and a 12 month high of $65.87.

Institutional Investors Weigh In On Unilever

Several large investors have recently bought and sold shares of UL. Abich Financial Wealth Management LLC boosted its stake in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after buying an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the third quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. lifted its stake in Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after acquiring an additional 405 shares during the last quarter. Brooklyn Investment Group acquired a new position in Unilever during the 3rd quarter worth approximately $40,000. Finally, Coastline Trust Co purchased a new stake in shares of Unilever in the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

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.