Unilever (UN) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Unilever (NYSE:UN) from a hold rating to a sell rating in a research note published on Friday.

According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “

Separately, JPMorgan Chase & Co. restated a neutral rating on shares of Unilever in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Unilever presently has an average rating of Hold and an average target price of $66.00.

Unilever (UN) traded up $0.51 during trading hours on Friday, reaching $55.49. 948,421 shares of the company’s stock were exchanged, compared to its average volume of 922,706. Unilever has a 52 week low of $40.06 and a 52 week high of $61.62.

Large investors have recently bought and sold shares of the business. Spears Abacus Advisors LLC acquired a new stake in shares of Unilever in the second quarter valued at about $202,000. Bath Savings Trust Co acquired a new stake in shares of Unilever in the third quarter valued at about $207,000. Cetera Advisors LLC acquired a new stake in shares of Unilever in the third quarter valued at about $226,000. Quadrant Capital Group LLC raised its position in shares of Unilever by 10.6% in the second quarter. Quadrant Capital Group LLC now owns 5,356 shares of the company’s stock valued at $276,000 after buying an additional 515 shares during the last quarter. Finally, White Lighthouse Investment Management Inc. acquired a new stake in shares of Unilever in the fourth quarter valued at about $282,000. Institutional investors own 8.67% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/13/unilever-un-downgraded-to-sell-at-zacks-investment-research.html.

About Unilever

Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.

Analyst Recommendations for Unilever (NYSE:UN)

Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply