Barclays Reaffirms Their Buy Rating on Unilever (ULVR)

In a report released today, Warren Ackerman from Barclays maintained a Buy rating on Unilever, with a price target of £60.00.

President's Day Sale - 70% Off

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Ackerman covers the Consumer Defensive sector, focusing on stocks such as Unilever, Chocoladefabriken Lindt & Spruengli AG, and Nestlé SA. According to TipRanks, Ackerman has an average return of 1.3% and a 52.04% success rate on recommended stocks.

In addition to Barclays, Unilever also received a Buy from Morgan Stanley’s Sarah Simon in a report issued today. However, yesterday, Kepler Capital downgraded Unilever (LSE: ULVR) to a Hold.

Based on Unilever’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p15.06 billion and a net profit of p1.76 billion. In comparison, last year the company earned a revenue of p31.12 billion and had a net profit of p3.7 billion

Based on the recent corporate insider activity of 18 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.