Unilever (LON:ULVR) Shares Cross Above 200-Day Moving Average - Here's What Happened

Unilever PLC (LON:ULVR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,470.16 ($58.37) and traded as high as GBX 4,875 ($63.66). Unilever shares last traded at GBX 4,857 ($63.42), with a volume of 3,796,058 shares traded.

Get Unilever alerts:

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ULVR. Jefferies Financial Group boosted their price target on Unilever from GBX 3,700 ($48.32) to GBX 4,000 ($52.23) and gave the stock an "underperform" rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Unilever in a report on Thursday, July 4th.

Read Our Latest Analysis on ULVR

Unilever Stock Down 0.5 %

The company has a debt-to-equity ratio of 137.49, a current ratio of 0.77 and a quick ratio of 0.49. The firm's 50-day moving average price is GBX 4,844.96 and its 200 day moving average price is GBX 4,476.19. The firm has a market capitalization of £119.81 billion, a price-to-earnings ratio of 2,195.91, a price-to-earnings-growth ratio of 16.72 and a beta of 0.22.

Unilever Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 8th were issued a dividend of GBX 36.96 ($0.48) per share. This represents a yield of 0.84%. The ex-dividend date was Thursday, August 8th. This is a boost from Unilever's previous dividend of $36.74. Unilever's dividend payout ratio is 6,681.82%.

Ad Stansberry Research

Expert issues rare "All In" buy alert on $6 gold stock

Is Gold Headed Above $3,000 per Ounce? Here's How to Play It… With so many strange events happening across the economy (the longest bear market for bonds since the Civil War... unprecedented bank closures... and soaring prices), it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices – WITHOUT ever touching an ETF, mining stock, or even bullion.

Get the full details here.

Insider Transactions at Unilever

In other Unilever news, insider Nelson Peltz sold 2,931,127 shares of the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of GBX 4,738 ($61.87), for a total value of £138,876,797.26 ($181,348,651.42). Insiders own 0.13% of the company's stock.

About Unilever

(Get Free Report)

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.

Featured Articles

→ Expert issues rare "All In" buy alert on $6 gold stock (From Stansberry Research) (Ad)

Should you invest $1,000 in Unilever right now?

Before you consider Unilever, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unilever wasn't on the list.

While Unilever currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report