Unilever (LON:ULVR) Shares Pass Above 200 Day Moving Average of $3,894.48

Unilever PLC (LON:ULVR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,894.48 ($49.22) and traded as high as GBX 3,973 ($50.21). Unilever shares last traded at GBX 3,962 ($50.07), with a volume of 6,370,846 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on ULVR. Berenberg Bank reiterated a “buy” rating and set a GBX 4,960 ($62.68) target price on shares of Unilever in a research report on Thursday, February 8th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 3,400 ($42.97) price objective on shares of Unilever in a report on Wednesday, March 20th.

Unilever Price Performance

The firm has a market capitalization of £99.45 billion, a P/E ratio of 1,809.13, a P/E/G ratio of 32.85 and a beta of 0.17. The stock’s fifty day simple moving average is GBX 3,893.39 and its 200 day simple moving average is GBX 3,894.48. The company has a debt-to-equity ratio of 142.66, a current ratio of 0.76 and a quick ratio of 0.49.

Unilever Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, February 22nd were issued a dividend of GBX 36.47 ($0.46) per share. The ex-dividend date was Thursday, February 22nd. This represents a dividend yield of 0.93%. Unilever’s dividend payout ratio is presently 6,757.99%.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.