Unilever (LON:ULVR) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Unilever shares passed above its 200-day moving average, trading as high as GBX 4,855 and last at GBX 4,834 on heavy volume (230,084,297 shares) versus a 200‑day MA of GBX 4,756.48.
• Analysts are mixed: Unilever has an average rating of "Reduce" with a consensus price target of GBX 4,711.67, though some firms raised targets (JPMorgan GBX 5,700 overweight; Berenberg GBX 5,600 buy) while Deutsche Bank trimmed to a GBX 5,150 hold.

Unilever PLC (LON:ULVR - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,756.48 and traded as high as GBX 4,855. Unilever shares last traded at GBX 4,834, with a volume of 230,084,297 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Unilever to a "hold" rating and set a GBX 5,150 price objective for the company. in a research note on Monday, February 9th. JPMorgan Chase & Co. raised their target price on Unilever from GBX 5,400 to GBX 5,700 and gave the company an "overweight" rating in a research note on Wednesday, November 26th. Finally, Berenberg Bank upped their target price on shares of Unilever from GBX 5,530 to GBX 5,600 and gave the stock a "buy" rating in a research report on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Unilever presently has an average rating of "Reduce" and a consensus price target of GBX 4,711.67.

Unilever Trading Up 0.1%

The company has a market capitalization of £105.62 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 16.72 and a beta of 0.26. The company has a debt-to-equity ratio of 190.62, a current ratio of 0.79 and a quick ratio of 0.49. The business's 50-day moving average price is GBX 5,033.33 and its two-hundred day moving average price is GBX 4,756.48.

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. We have around 400 brands found in homes all over the world, 13 of which are in the top 50 consumer goods brands. Some of our iconic global brands include Dove, Hellmann's, Knorr, Magnum, OMO and Surf. Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance.

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