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 - Free Report) had its price target boosted by Royal Bank Of Canada from GBX 3,800 ($51.10) to GBX 3,900 ($52.45) in a report published on Monday, Marketbeat reports. They currently have an underperform rating on the stock.

Unilever Stock Down 0.5%

LON:ULVR traded down GBX 23 ($0.31) during trading hours on Monday, reaching GBX 4,501 ($60.53). 1,881,395 shares of the company traded hands, compared to its average volume of 3,578,523. The business's 50-day moving average price is GBX 4,527.56 and its two-hundred day moving average price is GBX 4,587.08. The stock has a market capitalization of £132.92 billion, a P/E ratio of 20.36, a P/E/G ratio of 16.72 and a beta of 0.22. Unilever has a 1 year low of GBX 4,311 ($57.97) and a 1 year high of GBX 5,034 ($67.70). The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 155.87.

Unilever Company Profile

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.