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Gerdau S.A. (GGB) Reaches $4.66 52-Week High; Cullen Capital Management Lowered By $3.48 Million Its Unilever Nv (Adr) (UN) Stake

The stock of Gerdau S.A. (NYSE:GGB) hit a new 52-week high and has $4.80 target or 3.00% above today’s $4.66 share price. The 9 months bullish chart indicates low risk for the $7.91 billion company. The 1-year high was reported on Jan, 15 by Barchart.com. If the $4.80 price target is reached, the company will be worth $237.36M more. The stock increased 0.65% or $0.03 during the last trading session, reaching $4.66. About 21.16 million shares traded or 144.93% up from the average. Gerdau S.A. (NYSE:GGB) has risen 83.44% since January 15, 2017 and is uptrending. It has outperformed by 66.74% the S&P500.

Cullen Capital Management Llc decreased Unilever Nv (Adr) (UN) stake by 4.41% reported in 2017Q3 SEC filing. Cullen Capital Management Llc sold 59,050 shares as Unilever Nv (Adr) (UN)’s stock rose 12.65%. The Cullen Capital Management Llc holds 1.28 million shares with $75.65 million value, down from 1.34M last quarter. Unilever Nv (Adr) now has $156.07 billion valuation. The stock increased 0.93% or $0.51 during the last trading session, reaching $55.49. About 948,421 shares traded. Unilever N.V. (NYSE:UN) has risen 26.55% since January 15, 2017 and is uptrending. It has outperformed by 9.85% the S&P500.

Among 9 analysts covering Unilever NV (NYSE:UN), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Unilever NV had 11 analyst reports since September 25, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Friday, March 24 by Barclays Capital. On Thursday, August 10 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The company was downgraded on Wednesday, December 7 by JP Morgan. The rating was upgraded by Berenberg on Friday, September 25 to “Buy”. As per Wednesday, August 31, the company rating was upgraded by Citigroup. The firm has “Overweight” rating given on Tuesday, January 12 by JP Morgan. The firm has “Buy” rating by Jefferies given on Tuesday, December 13. The firm has “Hold” rating given on Monday, March 27 by Liberum Capital. The firm earned “Neutral” rating on Tuesday, December 8 by Credit Suisse. Bernstein initiated Unilever N.V. (NYSE:UN) on Monday, August 22 with “Outperform” rating.

Cullen Capital Management Llc increased Royal Dutch Shell Plc (Adr) Cl stake by 66,900 shares to 907,350 valued at $56.75 million in 2017Q3. It also upped Mmc Norilsk Nickel Pjsc stake by 439,185 shares and now owns 707,755 shares. Telefonica Brasil Sa (Adr) was raised too.

Among 7 analysts covering Gerdau (NYSE:GGB), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Gerdau had 10 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, August 18 by Morgan Stanley. The stock of Gerdau S.A. (NYSE:GGB) has “Outperform” rating given on Thursday, August 4 by Credit Suisse. The rating was downgraded by Scotia Capital on Tuesday, October 25 to “Underperform”. The company was upgraded on Friday, September 1 by J.P. Morgan. The firm has “Hold” rating by Credit Suisse given on Thursday, September 7. The firm has “Overweight” rating by JP Morgan given on Friday, September 1. The stock of Gerdau S.A. (NYSE:GGB) earned “Buy” rating by Goldman Sachs on Monday, August 10. The firm has “Underperform” rating by Bank of America given on Monday, February 22. The rating was upgraded by Bank of America on Monday, November 27 to “Buy”.

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