Unilever PLC (ULVR.L) has dropped from highs of 5324p. Will it continue, or could you pick up a bargain?

• Now trading at 4596.5p (at time of writing). A return to period highs would mean a rise of 15%.
• This shares are amongst the most significant fallers in the period.
• Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
• Bargain hunters should be mindful of the underlying fundamentals.
• Shares -13% from 12-month highs; +16% from 12 month lows.

Latest News

17 Oct:  Expansion in emerging markets saw Unilever release sales growth figures of 2.9% in Q3.

16 Oct:  Credit Suisse reiterates its outperform rating on Unilever (ULVR) and reduced the target price to 5200p (from 5210p).

20 Sep:  UBS reiterates its neutral rating on Unilever (ULVR) and increased the target price to 4850p (from 4800p).

03 Sep:  Consumer goods company Unilever said Mary Ma, non-Executive Director,  had passed away unexpectedly.  Ma had been on the board since 2013.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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