Unilever (NYSE:UL) Given "Hold" Rating at Erste Group Bank

Unilever (NYSE:UL - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Erste Group Bank in a research report issued to clients and investors on Tuesday,Benzinga reports.

Several other brokerages also recently weighed in on UL. Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and raised their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group raised Unilever to a "strong sell" rating in a report on Tuesday, July 30th. StockNews.com downgraded Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, TD Cowen started coverage on Unilever in a research report on Tuesday, July 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $61.75.

Unilever Stock Down 0.1 %

Shares of NYSE:UL traded down $0.04 during midday trading on Tuesday, reaching $57.86. The company's stock had a trading volume of 2,002,882 shares, compared to its average volume of 2,589,411. The firm has a 50 day moving average of $62.29 and a 200-day moving average of $59.53. Unilever has a 12-month low of $46.46 and a 12-month high of $65.87.

Institutional Trading of Unilever

Hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Unilever by 77.1% during the third quarter. Barclays PLC now owns 2,199 shares of the company's stock valued at $144,000 after purchasing an additional 957 shares in the last quarter. M&T Bank Corp raised its position in shares of Unilever by 0.7% during the 3rd quarter. M&T Bank Corp now owns 639,518 shares of the company's stock valued at $41,543,000 after purchasing an additional 4,398 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Unilever by 8.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 7,402 shares of the company's stock valued at $483,000 after buying an additional 570 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Unilever by 13.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 17,133 shares of the company's stock worth $1,113,000 after buying an additional 2,089 shares during the period. Finally, Guardian Wealth Management Inc. boosted its stake in shares of Unilever by 2.3% in the third quarter. Guardian Wealth Management Inc. now owns 26,567 shares of the company's stock worth $1,726,000 after acquiring an additional 587 shares during the period. Institutional investors own 9.67% of the company's stock.

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.