Todays Report: The Jefferies Group Cuts Unilever plc (ULVR) Price Target to GBX 3,400

The Jefferies Group Cuts Unilever plc (ULVR) Price Target to GBX 3,400

Unilever plc (LON:ULVR) had its price target dropped by investment analysts at Jefferies Group from GBX 3,720 ($46.48) to GBX 3,400 ($42.48) in a research note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential upside of 7.16% from the stock’s current price.

ULVR has been the subject of a number of other research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unilever plc in a research note on Tuesday, October 4th. Liberum Capital reiterated a “sell” rating and set a GBX 3,200 ($39.98) target price on shares of Unilever plc in a research note on Sunday, October 16th. Barclays PLC reiterated an “overweight” rating and set a GBX 3,860 ($48.23) target price on shares of Unilever plc in a research note on Wednesday, September 14th. Credit Suisse Group AG boosted their target price on shares of Unilever plc from GBX 2,675 ($33.42) to GBX 2,700 ($33.73) and gave the stock an “underperform” rating in a research note on Thursday, August 25th. Finally, Royal Bank Of Canada boosted their target price on shares of Unilever plc from GBX 3,600 ($44.98) to GBX 3,900 ($48.73) and gave the stock a “sector performer” rating in a research note on Friday, October 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Unilever plc currently has a consensus rating of “Hold” and an average target price of GBX 3,773.11 ($47.14).

Shares of Unilever plc (LON:ULVR) opened at 3172.8711 on Monday. The firm’s 50-day moving average price is GBX 3,383.28 and its 200 day moving average price is GBX 3,423.56. The firm’s market capitalization is GBX 90.07 billion. Unilever plc has a 12 month low of GBX 2,715.00 and a 12 month high of GBX 3,807.50.

The business also recently announced a dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Thursday, October 27th will be given a dividend of GBX 28.90 ($0.36) per share. This is a positive change from Unilever plc’s previous dividend of $26.89. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, October 27th.

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