RBC Capital Sticks to Their Sell Rating for Unilever (ULVR)

RBC Capital analyst James Edwardes Jones maintained a Sell rating on Unilever today and set a price target of £40.00.

TipRanks Cyber Monday Sale

• Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
• Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

According to TipRanks, Edwardes Jones is a 4-star analyst with an average return of 3.7% and a 65.24% success rate. Edwardes Jones covers the Consumer Defensive sector, focusing on stocks such as Unilever, Nestlé SA, and Diageo.

In addition to RBC Capital, Unilever also received a Sell from Jefferies’s David Hayes in a report issued on December 5. However, today, J.P. Morgan maintained a Buy rating on Unilever (LSE: ULVR).

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 95 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.