Barclays Remains a Buy on Unilever (ULVR)

Barclays analyst Warren Ackerman maintained a Buy rating on Unilever yesterday. The company’s shares closed yesterday at p4,479.50.

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According to TipRanks, Ackerman is an analyst with an average return of -0.3% and a 45.60% success rate. Ackerman covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Henkel AG & Co. KGaA, and Reckitt.

The word on The Street in general, suggests a Hold analyst consensus rating for Unilever with a p5,082.88 average price target, representing a 13.47% upside. In a report released yesterday, TipRanks – OpenAI also reiterated a Buy rating on the stock with a p4,956.00 price target.

Based on Unilever’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p20.35 billion and a net profit of p2.58 billion. In comparison, last year the company earned a revenue of p29.64 billion and had a net profit of p2.04 billion

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULVR in relation to earlier this year.