Unilever (LON:ULVR) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Unilever shares crossed above their 200-day moving average, trading as high as GBX 4,678 ($63.46), with the last recorded price at GBX 4,630 ($62.81).
• Wall Street analysts have mixed views on the stock, with target prices ranging from GBX 3,900 to GBX 5,570, and overall ratings varying from "buy" to "sell."
• The company has a market cap of £113.52 billion and operates in over 190 countries, generating sales of €60.1 billion in 2022.

Unilever PLC (LON:ULVR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,598.38 ($62.55) and traded as high as GBX 4,678 ($63.64). Unilever shares last traded at GBX 4,630 ($62.98), with a volume of 3,741,437 shares traded.

Analysts Set New Price Targets

ULVR has been the topic of several analyst reports. UBS Group reiterated a "sell" rating and set a GBX 4,120 price target on shares of Unilever in a research report on Friday, September 5th. Berenberg Bank lifted their target price on shares of Unilever from GBX 5,500 to GBX 5,570 and gave the stock a "buy" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of 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 lifted their price target on shares of Unilever from GBX 3,800 to GBX 3,900 and gave the company an "underperform" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada lifted their price target on shares of Unilever from GBX 3,800 to GBX 3,900 and gave the company an "underperform" rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of GBX 4,518.

Unilever Stock Down 0.9%

The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 155.87. The stock's 50-day simple moving average is GBX 4,553.87 and its 200-day simple moving average is GBX 4,601.57. The firm has a market capitalization of £112.47 billion, a P/E ratio of 2,047.77, a P/E/G ratio of 16.72 and a beta of 0.22.

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.