Unilever (LON:ULVR) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Unilever's stock price surpassed its 200-day moving average, trading as high as GBX 4,680.76 on Monday, indicating potential upward momentum.
• Analysts are mixed on Unilever, with two rating it as a "Buy" and two as an "Underperform", reflecting varying expectations for the company's performance.
• The company, with a market cap of £114.35 billion, reported a quick ratio of 0.49, raising concerns about liquidity amidst a high debt-to-equity ratio of 155.87.

Unilever PLC (LON:ULVR - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,582.16 ($61.59) and traded as high as GBX 4,680.76 ($62.91). Unilever shares last traded at GBX 4,664 ($62.69), with a volume of 1,948,839 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Berenberg Bank increased their price target on Unilever from GBX 5,500 to GBX 5,570 and gave the company a "buy" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Unilever from GBX 4,900 to GBX 5,100 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Jefferies Financial Group increased their target price on shares of Unilever from GBX 3,800 to GBX 3,900 and gave the stock an "underperform" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada raised their price objective on shares of Unilever from GBX 3,800 to GBX 3,900 and gave the stock an "underperform" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of GBX 4,617.50.

Unilever Trading Up 0.7%

The company has a fifty day moving average price of GBX 4,515.38 and a 200-day moving average price of GBX 4,583.15. The firm has a market capitalization of £116.75 billion, a price-to-earnings ratio of 2,125.89, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 155.87.

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.