Unilever (LON:ULVR) Hits New 52-Week High – Time to Buy?

Unilever PLC (LON:ULVR) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 5,307 and last traded at GBX 5,305.20, with a volume of 64296520 shares changing hands. The stock had previously closed at GBX 5,244.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ULVR. Deutsche Bank Aktiengesellschaft downgraded shares of Unilever to a “hold” rating and set a GBX 5,150 price objective on the stock. in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Berenberg Bank increased their price objective on Unilever from GBX 5,530 to GBX 5,600 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, UBS Group restated a “sell” rating and issued a GBX 4,120 target price on shares of Unilever in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Unilever presently has an average rating of “Reduce” and a consensus target price of GBX 4,711.67.

Unilever Trading Up 1.0%

The company has a fifty day simple moving average of GBX 4,825.24 and a two-hundred day simple moving average of GBX 4,648.51. The company has a debt-to-equity ratio of 155.87, a current ratio of 0.77 and a quick ratio of 0.49. The company has a market capitalization of £115.55 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22.

Insider Buying and Selling

In related news, insider Zoe Yujnovich purchased 1,610 shares of Unilever stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of GBX 4,466 per share, with a total value of £71,902.60. 1.39% of the stock is currently owned by insiders.

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.