RBC Capital Downgrades Unilever N.V. (ADR) to Sector Perform

Brokerage firm RBC Capital Downgrades its rating on Unilever N.V. (ADR)(NYSE:UN). The shares have been rated Sector Perform. Previously, the analysts had a Outperform rating on the shares. The rating by RBC Capital was issued on Jul 22, 2016.

Unilever N.V. (ADR) (UN) made into the market gainers list on Thursdays trading session with the shares advancing 0.46% or 0.21 points. Due to strong positive momentum, the stock ended at $45.85, which is also near the day’s high of $45.97. The stock began the session at $45.94 and the volume stood at 14,97,124 shares. The 52-week high of the shares is $47.3 and the 52 week low is $37.925. The company has a current market capitalization of $138,691 M and it has 3,02,48,84,100 shares in outstanding.

Unilever NV is a fast moving consumer goods (FMCG) company based in the Netherlands. Its portfolio has four categories: Personal Care Foods Refreshment and Home Care. The Company manufactures most of its products and maintains an international network of 240 manufacturing sites. Its business is organized across three geographies: Americas; Europe and markets comprising Asia Australasia Africa Middle East Turkey Russia Ukraine and Belarus. Personal Care focuses on the e-commerce channel and specialist drug stores. Its Foods category includes the meat snacks business under the Bifi and Peperami brands in Europe and also brands such as Hellmann’s Knorr Royco Bango Becel and Flora Pro.activ among others. The Refreshment category includes ice cream brands such as Wall’s Magnum Cornetto Grom and Ben & Jerry’s and tea brands such as Lipton Brooke Bond and PG tips. The Home Care category’s products’ brands include Omo Surf Lifebuoy Comfort and Domestos among others.

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