Unilever (LON:ULVR) Stock Price Passes Above 200-Day Moving Average - Here's Why

Unilever PLC (LON:ULVR - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,584.56 and traded as high as GBX 4,831.50. Unilever shares last traded at GBX 4,802.85, with a volume of 2,381,144 shares changing hands.Analysts Set New Price TargetsWhat are consumer staples stocks?Several research analysts have commented on the company. Jefferies Financial Group cut their price target on Unilever from GBX 3,900 to GBX 3,800 and set an "underperform" rating on the stock in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Unilever from GBX 5,100 to GBX 5,050 and set a "buy" rating for the company in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the company an "overweight" rating in a research note on Wednesday, November 26th. Finally, UBS Group reaffirmed a "sell" rating and issued a GBX 4,120 target price on shares of Unilever in a report on Friday, October 17th. Three analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Unilever presently has an average rating of "Hold" and a consensus price target of GBX 4,690.Read Our Latest Stock Analysis on ULVRUnilever Stock Down 0.6%Does Logitech earnings signal the end of tech normalization?The company has a debt-to-equity ratio of 155.87, a quick ratio of 0.49 and a current ratio of 0.77. The firm has a market capitalization of £104.74 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 16.72 and a beta of 0.22. The firm has a fifty day moving average price of GBX 4,674.35 and a 200 day moving average price of GBX 4,584.56. Insider Buying and SellingIn related news, insider Zoe Yujnovich acquired 1,610 shares of the firm's stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average price of GBX 4,466 per share, with a total value of £71,902.60. Corporate insiders own 1.37% of the company's stock. About Unilever (Get Free Report)Unilever is one of the world's leading suppliers of Beauty, Personal Care, Home Care, Nutrition, and Ice Cream products, with sales in over 190 countries and products used by 3.4 billion people every day. We have 148,000 employees and generated sales of €60.1 billion in 2022. 59% of our footprint is in developing and emerging markets. We have around 400 brands found in homes all over the world, 13 of which are in the top 50 consumer goods brands. Some of our iconic global brands include Dove, Hellmann's, Knorr, Magnum, OMO and Surf. Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance.See AlsoFive stocks we like better than UnileverElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetIf You Keep Cash In A U.S. Bank Account… Read This NOWThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Unilever Right Now?Before you consider Unilever, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unilever wasn't on the list.While Unilever currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here