Royal Bank Of Canada Forecasts Strong Price Appreciation for Unilever (LON:ULVR) Stock

Key Points

• Royal Bank of Canada has raised its price target for Unilever's stock from GBX 3,800 ($50.46) to GBX 3,900 ($51.79), while maintaining an "underperform" rating.
• The current market price of Unilever is GBX 4,518 ($59.99), indicating a potential downside of 13.68% based on the new price target.
• Unilever has a substantial market cap of £133.42 billion and reported sales of €60.1 billion in 2022, with a significant presence in developing markets.

Unilever (LON:ULVR - Get Free Report) had its price target hoisted by analysts at Royal Bank Of Canada from GBX 3,800 ($50.46) to GBX 3,900 ($51.79) in a report released on Monday,Digital Look reports. The firm presently has an "underperform" rating on the stock. Royal Bank Of Canada's target price suggests a potential downside of 13.68% from the company's previous close.

Unilever Price Performance

LON:ULVR opened at GBX 4,518 ($59.99) on Monday. The company has a debt-to-equity ratio of 155.87, a current ratio of 0.77 and a quick ratio of 0.49. The firm has a market cap of £133.42 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22. The company has a 50 day moving average price of GBX 4,542.36 and a 200-day moving average price of GBX 4,589.43. Unilever has a 1-year low of GBX 4,311 ($57.24) and a 1-year high of GBX 5,034 ($66.84).

About Unilever

Unilever is one of the world's leading suppliers of Beauty, Personal Care, Home Care, Nutrition, and Ice Cream products, with sales in over 190 countries and products used by 3.4 billion people every day. We have 148,000 employees and generated sales of €60.1 billion in 2022. 59% of our footprint is in developing and emerging markets.

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