The stock of Unilever plc (ADR) (NYSE:UL) hit a new 52-week low and has $36.71 target or 7.00% below today’s $39.47 share price. The 6 months bearish chart indicates high risk for the $116.70 billion company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $36.71 price target is reached, the company will be worth $8.17 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 711,361 shares traded hands. Unilever plc (ADR) (NYSE:UL) has declined 9.41% since April 8, 2016 and is downtrending. It has underperformed by 15.06% the S&P500.
Unilever plc (ADR) (NYSE:UL) Ratings Coverage
Out of 5 analysts covering Unilever (NYSE:UL), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Unilever has been the topic of 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, July 24. The firm has “Overweight” rating given on Tuesday, January 12 by JP Morgan. Bernstein initiated the shares of UL in a report on Monday, August 22 with “Outperform” rating. The stock of Unilever plc (ADR) (NYSE:UL) earned “Sector Perform” rating by RBC Capital Markets on Friday, July 22. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, August 12.
According to Zacks Investment Research, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally.”
More important recent Unilever plc (ADR) (NYSE:UL) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on October 07, 2009, also Investorplace.com published article titled: “Unilever plc (ADR) Continues to Reward Long-Term Shareholders (UL)”, Businessfinancenews.com published: “Unilever plc (ADR) (UL) Partners With JD.com, Inc (JD) To Boost Sales” on June 21, 2015. More interesting news about Unilever plc (ADR) (NYSE:UL) was released by: Businessfinancenews.com and their article: “Unilever plc (ADR) (UL) Stock Surges Over Better-Than-Expected 1QFY15 Revenues” with publication date: April 16, 2015.
UL Company Profile
Unilever PLC, incorporated on June 21, 1894, is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Firm operates through four divisions: Personal Care, Foods, Home Care and Refreshment. It also offers Pureit, which is an in-home water purifier. The Firm has approximately 400 brands found in homes around the world, including Persil, Dove, Knorr, Domestos, Hellmann’s, Lipton, Wall’s, PG Tips, Ben & Jerry’s, Marmite, Magnum and Lynx. The Firm operates in over 190 countries.
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