Report
Pierre Tegner

Unilever Nv : Two shareholders in the top 10 and top 20 call for a split and/or the replacement of the chairman: continuing pressure

>A hybrid stock P/E whereas a refocusing looks a credible scenario - Outperform rating maintained with a target price of € 58. The 2022 P/E of barely 17x equates to that of a hybrid stock (15x to 20x) in our classification of consumer staples groups. Their strategic dispersion limits their capacity to expand their operating footprint as fundamentally as pure players (P/E > 25x) that are strategically focused on one battleground. We still think that the stock’s upside ...
Underlying
Unilever PLC

Unilever is a consumer goods manufacturing group based in the United Kingdom. Co. is engaged in supplying consumer goods in the refreshments, foods, home and personal product categories. Co. supplies its consumers product for nutrition, hygiene and personal care and is active in emerging markets in Asia, Africa, Central & Eastern Europe and Latin America. Co.'s portfolio includes such well-known brands as Knorr, Lipton, Hellmann's, Magnum, Omo, Dove, Lux and Axe/Lynx. Co. manages its brands under the following four category headings: savoury, dressings and spreads; ice cream and beverages; personal care; and home care. 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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