Jefferies Sticks to Their Sell Rating for Unilever (ULVR)
In a report released today, David Hayes from Jefferies maintained a Sell rating on Unilever, with a price target of p4,300.00.
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According to TipRanks, Hayes is a 3-star analyst with an average return of 2.4% and a 54.75% success rate. Hayes covers the Consumer Defensive sector, focusing on stocks such as DANONE SA, Nestlé SA, and Unilever.
In addition to Jefferies, Unilever also received a Sell from RBC Capital’s James Edwardes Jones in a report issued today. However, on the same day, TipRanks – OpenAI 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.
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