Unilever: 'undervalued' - Credit Suisse upgrades stock
(CercleFinance.com) - Credit Suisse has upgraded its rating (to "Outperform") on the share of the Anglo-Dutch consumer goods giant Unilever, betting on an acceleration in its growth.
Upping its corresponding target price from 50 euros to 59 euros (and 5,060 pence for the London-listed security), this suggests upside potential of around 10%.Analysts expect organic growth of 3.8% in 2019, against 3.4% for the consensus.
Having risen by 280 basis points in 2015 to 18.4% in 2018, the group's operating margin is expected to reach 19.5% in 2020.In short, Credit Suisse, which sweeps aside investors' doubts about the share, believes Unilever is undervalued relative to peers such as Nestlé and Procter & Gamble.
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.
Upping its corresponding target price from 50 euros to 59 euros (and 5,060 pence for the London-listed security), this suggests upside potential of around 10%.Analysts expect organic growth of 3.8% in 2019, against 3.4% for the consensus.
Having risen by 280 basis points in 2015 to 18.4% in 2018, the group's operating margin is expected to reach 19.5% in 2020.In short, Credit Suisse, which sweeps aside investors' doubts about the share, believes Unilever is undervalued relative to peers such as Nestlé and Procter & Gamble.
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.