Unilever (LON:ULVR) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Unilever (LON:ULVR) in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 4,960 ($61.26) price objective on the stock.

Several other research analysts also recently issued reports on ULVR. Barclays reaffirmed an overweight rating and set a GBX 4,600 ($56.82) price objective on shares of Unilever in a report on Monday, April 8th. Jefferies Financial Group reaffirmed an underperform rating and set a GBX 3,400 ($42.00) price objective on shares of Unilever in a report on Wednesday, March 20th.

Unilever Stock Up 0.8 %

Shares of ULVR opened at GBX 4,115 ($50.83) on Thursday. The company has a market capitalization of £103.29 billion, a P/E ratio of 1,871.36, a PEG ratio of 14.44 and a beta of 0.17. 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 one year low of GBX 3,680.50 ($45.46) and a one year high of GBX 4,483.25 ($55.38). The business’s 50 day simple moving average is GBX 3,895.39 and its 200-day simple moving average is GBX 3,867.07.

Unilever Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 16th will be given a GBX 36.74 ($0.45) dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 0.95%. This is a boost from Unilever’s previous dividend of $36.47. Unilever’s dividend payout ratio is currently 6,727.27%.

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.