Price Target Update on Colgate-Palmolive Company (NYSE:CL)

Colgate-Palmolive Company (NYSE:CL) : The highest short term price target forecast on Colgate-Palmolive Company (NYSE:CL) is $82 and the lowest target price is $70. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $73.67 with a standard deviation of $3.87.

Other Equity analysts have also commented on the company shares. Goldman Sachs upgrades its view on Colgate-Palmolive Company (NYSE:CL) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. Goldman Sachs raises the price target from $62 per share to $75 per share on Colgate-Palmolive Company. The rating by the firm was issued on May 2, 2016.

Colgate-Palmolive Company (NYSE:CL): stock turned positive on Thursday. Though the stock opened at $72.64, the bulls momentum made the stock top out at $72.73 level for the day. The stock recorded a low of $72.34 and closed the trading day at $72.67, in the green by 0.58%. The total traded volume for the day was 2,015,261. The stock had closed at $72.25 in the previous days trading.

The company shares have rallied 8.71% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $72.72 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $71.45 and the 200 Day Moving Average price is recorded at $68.51. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Verduin Patricia, officer (Chief Technology Officer) of Colgate Palmolive Co, had unloaded 3,666 shares at an average price of $72.19 in a transaction dated on June 15, 2016. The total value of the transaction was worth $264,649.

Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments: North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia. The Companys oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Optic White and Colgate Luminous White toothpastes, among others. The Company sells its personal care products under the Palmolive, Protex and Softsoap brands. The Company, through its Hills Pet Nutrition segment (Hills), manufactures pet nutrition products for dogs and cats.

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