Today, Unilever plc (ULVR) Given New GBX 3,900 Price Target at Berenberg Bank

Today, Unilever plc (ULVR) Given New GBX 3,900 Price Target at Berenberg Bank

Unilever plc (LON:ULVR) had its target price cut by equities researchers at Berenberg Bank from GBX 4,100 ($50.86) to GBX 3,900 ($48.38) in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 22.92% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank AG set a GBX 3,600 ($44.66) target price on Unilever plc and gave the company a “buy” rating in a research report on Tuesday, August 30th. Citigroup Inc. set a GBX 4,060 ($50.37) target price on Unilever plc and gave the company a “buy” rating in a research report on Wednesday, August 31st. Sanford C. Bernstein set a GBX 4,200 ($52.10) target price on Unilever plc and gave the company a “buy” rating in a research report on Monday, August 22nd. Barclays PLC set a GBX 3,950 ($49.00) target price on Unilever plc and gave the company a “buy” rating in a research report on Monday, October 10th. Finally, Shore Capital restated a “buy” rating and issued a GBX 3,723 ($46.19) target price on shares of Unilever plc in a research report on Thursday, October 13th. 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 company. Unilever plc has a consensus rating of “Hold” and a consensus target price of GBX 3,762 ($46.67).

Shares of Unilever plc (LON:ULVR) opened at 3146.50 on Tuesday. The company’s 50-day moving average price is GBX 3,358.74 and its 200-day moving average price is GBX 3,427.28. The company’s market cap is GBX 89.32 billion. Unilever plc has a 12 month low of GBX 2,715.00 and a 12 month high of GBX 3,807.50.

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

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