TD Cowen Begins Coverage on Unilever (NYSE:UL)

TD Cowen initiated coverage on shares of Unilever (NYSE:UL) in a report released on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $67.00 target price on the stock.

Several other research firms also recently commented on UL. StockNews.com upgraded shares of Unilever from a hold rating to a buy rating in a report on Monday. JPMorgan Chase & Co. raised shares of Unilever from an underweight rating to an overweight rating in a research report on Thursday, May 23rd. Redburn Atlantic raised shares of Unilever from a neutral rating to a buy rating in a research report on Friday, June 7th. Finally, Argus raised their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $58.33.

Unilever Trading Up 4.5 %

NYSE:UL opened at $59.09 on Tuesday. Unilever has a one year low of $46.16 and a one year high of $60.26. The firm’s fifty day moving average price is $55.84 and its two-hundred day moving average price is $51.78.

Institutional Investors Weigh In On Unilever

Large investors have recently bought and sold shares of the company. Red Tortoise LLC acquired a new stake in Unilever during the first quarter worth about $26,000. Life Planning Partners Inc acquired a new stake in Unilever during the fourth quarter worth about $27,000. Rise Advisors LLC acquired a new stake in Unilever during the first quarter worth about $28,000. Quent Capital LLC acquired a new stake in Unilever during the first quarter worth about $28,000. Finally, ST Germain D J Co. Inc. grew its stake in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.