Unilever (ULVR)

Sector:

Food

Index:

FTSE 100

3,800.00p
   
  • Change Today:
      79.00p
  • 52 Week High: 4,360.00
  • 52 Week Low: 3,328.00
  • Currency: UK Pounds
  • Shares Issued: 2,550.76m
  • Volume: 2,964,266
  • Market Cap: £96,929m
  • RiskGrade: 121

Berenberg raises target price on Unilever

By Iain Gilbert

Date: Wednesday 04 May 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on consumer goods giant Unilever from £36.50 to £38 per share on Wednesday following a "big" first-quarter beat for the firm.
Berenberg said Unilever delivered had delivered 7.3% organic growth in the quarter, ahead of consensus estimates of 4.3%, principally driven by a pricing increase of 8.3% that offset a 1% volume decline.

The German bank noted cost inflation was now guided to be €4.8bn for 2022 and as Unilever has been "a first-mover" in relation to its pricing actions, uncertainty about the extent of volume erosion in subsequent quarters and the speed and magnitude of margin recovery had weighed on sentiment.

However, Berenberg stated Unilever management was "optimistic" that volume erosion will be contained in the low-single digits, and that percentage margins can be restored to unquantified "pre-inflation levels" by the 2024 trading year, assuming inflation moderates.

"Margins for FY22 are now expected to be at the bottom end of the 16-17% range and organic growth at the top end of the 4.5-6.5%. Accordingly, we think there is limited upside to the current 17x FY23 P/E," said Berenberg, which stood by its 'hold' rating on the stock.

The analysts added that reports of activist shareholders presented "a potential catalyst", though it acknowledged that Unilever management would not confirm whether any discussions had actually taken place.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Unilever Market Data

Currency UK Pounds
Share Price 3,800.00p
Change Today 79.00p
% Change 2.12 %
52 Week High 4,360.00
52 Week Low 3,328.00
Volume 2,964,266
Shares Issued 2,550.76m
Market Cap £96,929m
RiskGrade 121

Unilever Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.04% below the market average82.04% below the market average82.04% below the market average82.04% below the market average82.04% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average
Price Trend
12.26% below the market average12.26% below the market average12.26% below the market average12.26% below the market average12.26% below the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Income
35.02% above the market average35.02% above the market average35.02% above the market average35.02% above the market average35.02% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average
Growth
61.56% below the market average61.56% below the market average61.56% below the market average61.56% below the market average61.56% below the market average
65.52% below the sector average65.52% below the sector average65.52% below the sector average65.52% below the sector average65.52% below the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 13
Sell 0
Strong Sell 3
Total 24
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Unilever Dividends

  Latest Previous
  Q1 Q4
Ex-Div 19-May-22 24-Feb-22
Paid 16-Jun-22 22-Mar-22
Amount 35.90p 36.02p

Trades for 01-Jul-2022

Time Volume / Share Price
16:45 1,799 @ 3,796.50p
16:45 1,799 @ 3,796.50p
16:38 50,000 @ 3,801.00p
16:35 696,097 @ 3,800.00p
16:29 85 @ 3,798.00p

Unilever Key Personnel

Chair Nils Smedegaard Andersen
CFO Graeme Pitkethly
CEO Alan Jope

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