Unilever (LON:ULVR) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Unilever's share price has recently surpassed its 200-day moving average, closing at GBX 4,659.89 ($62.47), indicating potential positive momentum in trading.
• A mix of ratings from analysts has been reported, with two giving a buy rating and three assigning a sell rating, reflecting differing outlooks on Unilever's stock performance.
• The company holds a significant market capitalization of £113.49 billion and generated sales of €60.1 billion in 2022, showcasing its global presence and scale in the consumer goods sector.

Unilever PLC (LON:ULVR - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,581.82 ($61.42) and traded as high as GBX 4,674 ($62.65). Unilever shares last traded at GBX 4,659.89 ($62.47), with a volume of 1,622,013 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ULVR shares. Berenberg Bank increased their price objective on Unilever from GBX 5,500 to GBX 5,570 and gave the stock a "buy" rating in a report on Friday, August 1st. Royal Bank Of Canada increased their target price on Unilever from GBX 3,800 to GBX 3,900 and gave the stock an "underperform" rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft cut their target price on Unilever from GBX 5,100 to GBX 5,050 and set a "buy" rating on the stock in a research note on Friday, October 3rd. Jefferies Financial Group cut their target price on Unilever from GBX 3,900 to GBX 3,800 and set an "underperform" rating on the stock in a research note on Wednesday, October 1st. Finally, UBS Group reissued a "sell" rating and issued a GBX 4,120 target price on shares of Unilever in a research note on Friday. Two research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Unilever has a consensus rating of "Reduce" and a consensus price target of GBX 4,488.

Unilever Stock Performance

The stock has a market capitalization of £113.49 billion, a PE ratio of 20.66, a PEG ratio of 16.72 and a beta of 0.22. The business has a 50 day moving average price of GBX 4,551.83 and a 200 day moving average price of GBX 4,581.82. The company has a debt-to-equity ratio of 155.87, a current ratio of 0.77 and a quick ratio of 0.49.

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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