Unilever Announces Share Buy-Back on London Stock Exchange

Unilever ( (GB:ULVR) ) has issued an announcement.

Unilever PLC announced the repurchase of 245,576 ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The shares, purchased at a volume-weighted average price of GBP 47.2455, will be held in treasury, reflecting the company’s strategy to enhance shareholder value and manage its capital structure effectively.

The most recent analyst rating on (GB:ULVR) stock is a Buy with a £63.50 price target. To see the full list of analyst forecasts on Unilever stock, see the GB:ULVR Stock Forecast page.

Spark’s Take on GB:ULVR Stock

According to Spark, TipRanks’ AI Analyst, GB:ULVR is a Outperform.

Unilever’s overall stock performance is solid, driven by strong financial health and strategic initiatives highlighted in the earnings call. While the premium valuation presents some risk, the company’s efforts to return value to shareholders through buy-backs and dividends support a positive outlook.

To see Spark’s full report on GB:ULVR stock, click here.

More about Unilever

Unilever PLC is a multinational company operating in the consumer goods industry, known for its wide range of products including food, beverages, cleaning agents, and personal care items. The company has a significant market presence globally and focuses on sustainable and innovative solutions to meet consumer needs.

Average Trading Volume: 4,594,311

Technical Sentiment Signal: Strong Buy

Current Market Cap: £116.8B

See more insights into ULVR stock on TipRanks’ Stock Analysis page.