Short Term Price Target on Procter & Gamble Company (The) (PG)

Procter & Gamble Company (The) (NYSE:PG) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $95 and the lowest price target forecast is $69. The average forecast of all the analysts is $84.36 and the expected standard deviation is $7.57.

Shares of The Procter & Gamble Company rose by 0.55% in the last five trading days and 3.52% for the last 4 weeks. The Procter & Gamble Company is up 2.2% in the last 3-month period. Year-to-Date the stock performance stands at 8.43%. Also, Jefferies initiates coverage on Procter & Gamble Company (The) (NYSE:PG). Jefferies has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $95 per share. The rating by the firm was issued on June 15, 2016.

Procter & Gamble Company (The) (NYSE:PG) : Zacks Investment Research ranks Procter & Gamble Company (The) (NYSE:PG) as 4, which is a Sell recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 2.11, which indicates as a Buy.

Procter & Gamble Company (The) (NYSE:PG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.91 and $83.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $84.67, notching a gain of 0.91% for the day. The total traded volume was 10,969,296 . The stock had closed at $83.91 on the previous day.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands. The Companys products are sold in over 180 countries and territories. P&Gs customers include mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons distributors, e-commerce and stores.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.