Credit Suisse Decides to Upgrade Unilever NV (NYSE:UN) Stock


Unilever NV (NYSE:UN) Stock Upgrade

It will be interesting to watch today’s trading of shares of Unilever NV (NYSE:UN) as Credit Suisse hiked the stock from a “Underperform” to a respectable “Neutral”.

From a total of 1 analysts covering Unilever NV (NYSE:UN) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. Unilever NV was the topic of 2 analyst reports since September 25, 2015 according to the firm StockzIntelligence Inc. Credit Suisse upgraded shares on December 8 to “Neutral” rating.

The stock decreased 1.07% or $0.47 during the last trading session, striking $43.58. Approximately 1.94M shares of stock traded hands or 2.65% up from the average. Unilever N.V. (ADR) (NYSE:UN) has risen 1.49% since May 6, 2015 and is uptrending. It has outperformed by 2.29% the S&P500.

 Credit Suisse Decides to Upgrade Unilever NV (NYSE:UN) Stock

Unilever NV is a fast moving consumer goods firm based in the Netherlands. The company has a market cap of $131.10 billion. The Company’s portfolio has four categories: Personal Care, Foods, Refreshment and Home Care. It has 23.75 P/E ratio. The Firm makes most of its products and maintains an international network of 240 manufacturing sites.

According to Zacks Investment Research, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands.” Get a free copy of the Zacks research report on Unilever N.V. (ADR) (UN).