Today’s Stock Alert: Can Unilever plc (ADR)’s Tomorrow be Different? The Stock Just Broke Its 1 Year Low

Today's Stock Alert: Can Unilever plc (ADR)'s Tomorrow be Different? The Stock Just Broke Its 1 Year Low

The stock of Unilever plc (ADR) (NYSE:UL) hit a new 52-week low and has $35.57 target or 9.00% below today’s $39.09 share price. The 6 months bearish chart indicates high risk for the $117.95 billion company. The 1-year low was reported on Nov, 16 by Barchart.com. If the $35.57 price target is reached, the company will be worth $10.62 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 1.67M shares traded hands. Unilever plc (ADR) (NYSE:UL) has declined 14.08% since April 14, 2016 and is downtrending. It has underperformed by 18.76% 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 firm earned “Neutral” rating on Wednesday, August 12 by Goldman Sachs. Canaccord Genuity upgraded Unilever plc (ADR) (NYSE:UL) on Friday, July 24 to “Buy” rating. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, July 22 report. JP Morgan upgraded the shares of UL in a report on Tuesday, January 12 to “Overweight” rating. The stock has “Outperform” rating given by Bernstein on Monday, August 22.

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 recent Unilever plc (ADR) (NYSE:UL) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 07, 2009. Also Investorplace.com published the news titled: “Unilever plc (ADR) Continues to Reward Long-Term Shareholders (UL)” on May 10, 2016. Businessfinancenews.com‘s news article titled: “Unilever plc (ADR) (UL) Stock Surges Over Better-Than-Expected 1QFY15 Revenues” with publication date: April 16, 2015 was also an interesting one.

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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