Report
Pierre Tegner

Unilever Nv : H1 set to underpin renewed credibility on operating performances

>Renewed credibility: Buy rating maintained with a higher target of € 58 - Buy rating reiterated with a higher target price of € 58. We have a target P/E 21e of 21x to reflect the expansion in market P/E multiples and for its Food HPC peers.Unilever's stock looks to have been largely forgotten in view of its relative P/E which shows one of the biggest lags in relation to its historical average. H1 and the high-quality conference call yesterday look set to underpi...
Underlying
Unilever NV

Unilever is engaged in the supply of consumer goods in foods, household care and personal products. Co.'s activities are carried out through four categories: Personal Care, sales of skin care and hair care products, deodorants and oral care products; Home Care, sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products; Foods, sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; and Refreshment, sales of ice cream and tea-based beverages. Co.'s products are sold in over 190 countries around the world.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre Tegner

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