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Unilever (ULVR) Receives a New Rating from Bank of America Securities

Tipranks - Tipranks - Thu Apr 16, 2:46AM CDT

Bank of America Securities analyst Antoine Prevot initiated coverage with a Buy rating on Unilever yesterday and set a price target of p5,300.00.

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According to TipRanks, Prevot is a 3-star analyst with an average return of 13.2% and a 66.67% success rate.

In addition to Bank of America Securities, Unilever also received a Buy from DZ BANK AG’s Axel Herlinghaus in a report issued on April 8. However, today, Jefferies maintained a Sell rating on Unilever (LSE: ULVR).

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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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