Unilever: Berenberg raises its target price
(CercleFinance.com) - Berenberg on Monday raised its target price on the Unilever ,share from 54.
5 euros to 56 euros, saying it believes that the Anglo-Dutch consumer goods giant can deliver on its targets.
In a note, the German broker - which has a "buy" rating on the stock - said that the group's 6 billion euro-cost-efficiency program has become increasingly agile and provided billions of euros for reinvestment to accelerate organic growth and improve its market share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5 euros to 56 euros, saying it believes that the Anglo-Dutch consumer goods giant can deliver on its targets.
In a note, the German broker - which has a "buy" rating on the stock - said that the group's 6 billion euro-cost-efficiency program has become increasingly agile and provided billions of euros for reinvestment to accelerate organic growth and improve its market share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.