Unilever (LON:ULVR) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Unilever (LON:ULVR) to an overweight rating in a research report released on Thursday morning, Marketbeat.com reports. The brokerage currently has GBX 5,100 ($64.82) target price on the stock, up from their prior target price of GBX 3,600 ($45.75).

Several other equities analysts have also recently weighed in on ULVR. Berenberg Bank reaffirmed a buy rating and set a GBX 4,960 ($63.04) target price on shares of Unilever in a research note on Thursday, April 25th. Jefferies Financial Group restated an underperform rating and set a GBX 3,400 ($43.21) price objective on shares of Unilever in a research report on Wednesday, March 20th. Finally, Barclays reiterated an overweight rating and issued a GBX 4,600 ($58.46) target price on shares of Unilever in a research report on Monday, April 8th.

Unilever Price Performance

LON:ULVR opened at GBX 4,296 ($54.60) on Thursday. The stock has a market cap of £107.40 billion, a PE ratio of 1,970.64, a P/E/G ratio of 16.36 and a beta of 0.16. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 142.66. The business’s 50-day simple moving average is GBX 4,028.20 and its two-hundred day simple moving average is GBX 3,912.51. Unilever has a 52 week low of GBX 3,680.50 ($46.78) and a 52 week high of GBX 4,357 ($55.38).

Unilever Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 16th will be paid a dividend of GBX 36.74 ($0.47) per share. This is a boost from Unilever’s previous dividend of $36.47. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 0.95%. Unilever’s dividend payout ratio is currently 6,743.12%.

Unilever Company Profile

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.