RBC Capital Sticks to Its Sell Rating for Unilever (ULVR)
In a report released today, James Edwardes Jones from RBC Capital maintained a Sell rating on Unilever, with a price target of £42.00.
End of Quarter Sale - 50% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Edwardes Jones covers the Consumer Defensive sector, focusing on stocks such as Diageo, British American Tobacco, and Nestlé SA. According to TipRanks, Edwardes Jones has an average return of 4.4% and a 66.17% success rate on recommended stocks.
In addition to RBC Capital, Unilever also received a Sell from Jefferies’s David Hayes in a report issued on March 18. However, today, TipRanks – Google reiterated a Buy rating on Unilever (LSE: ULVR).
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.
Read More on GB:ULVR:
Disclaimer & DisclosureReport an Issue
- Unilever implements hiring freeze at all levels, Reuters reports
- Unilever in advanced talks to fold most Foods unit into McCormick
- Unilever Moves Closer to McCormick Deal to Form $60B Food Giant, Stocks Rise
- Unilever close to announcing food business merger with McCormick, WSJ says
- McCormick price target lowered to $58 from $67 at Barclays
