Unilever PLC (NYSE:UL – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $48.00.
A number of analysts recently weighed in on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th.
Get Our Latest Analysis on Unilever
Hedge Funds Weigh In On Unilever
Unilever Trading Down 0.2 %
NYSE UL opened at $47.98 on Wednesday. Unilever has a 12 month low of $46.16 and a 12 month high of $55.99. The stock has a 50-day simple moving average of $49.12 and a 200 day simple moving average of $48.52.
Unilever Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a $0.4582 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a yield of 3.82%.
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.
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