Unilever shares climbed higher on Wednesday, after the consumer goods company announced that it won't increase its offer for the consumer healthcare division of GlaxoSmithKline above £50 billion.
GSK's health products business owns brands such as Panadol, Sensodyne toothpaste, and Centrum vitamins.
According to GSK, Unilever's bid valued at around $68 billion has "fundamentally undervalued" the division. GSK was reportedly wants an offer in the region of £60 billion following the addition of brands from Novartis in 2015 and Pfizer in 2019.
"The acquisition would create scale and a growth platform for the combined portfolio in the US, China and India, with further opportunities in other emerging markets," Unilever said, emphasizing on synergies in the oral care and vitamin supplements business.
UL in +7.43% Uptrend, rising for three consecutive days on July 26, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where UL advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .
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Notable companies
The most notable companies in this group are Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL).
Industry description
Household/Personal Care companies sell products for home cleaning and/or personal hygiene and grooming purposes. Products of this industry include detergents, shampoos, soaps, cosmetics, fabric conditioners and infant care fragrances. Procter & Gamble, Unilever, Estee Lauder and Colgate-Palmolive are some of the biggest names in the business. A lot of the products become a necessary part of people’s daily routine, and therefore the industry is relatively less vulnerable to macroeconomic downturns. At the same time, product quality, consumer safety, and ease of use are extremely critical factors for a company to survive competition and earn recognition in this industry.
Market Cap
The average market capitalization across the Household/Personal Care Industry is 24.41B. The market cap for tickers in the group ranges from 81.32K to 381.78B. PG holds the highest valuation in this group at 381.78B. The lowest valued company is QNTA at 81.32K.
High and low price notable news
The average weekly price growth across all stocks in the Household/Personal Care Industry was 0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 10%. SNBH experienced the highest price growth at 58%, while OLVI experienced the biggest fall at -21%.
Volume
The average weekly volume growth across all stocks in the Household/Personal Care Industry was 4%. For the same stocks of the Industry, the average monthly volume growth was -1% and the average quarterly volume growth was 0%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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