Colgate-Palmolive (CL) Gets a Hold from Berenberg Bank

Berenberg Bank analyst Fulvio Cazzol maintained a Hold rating on Colgate-Palmolive (CLResearch Report) on August 5 and set a price target of $68.00. The company’s shares closed yesterday at $80.81.

Cazzol covers the Consumer Goods sector, focusing on stocks such as Colgate-Palmolive, Kimberly Clark, and Procter & Gamble. According to TipRanks, Cazzol has an average return of 2.5% and a 55.43% success rate on recommended stocks.

Currently, the analyst consensus on Colgate-Palmolive is a Moderate Buy with an average price target of $82.67, which is a 2.30% upside from current levels. In a report released on August 2, Barclays also maintained a Hold rating on the stock with a $74.00 price target.

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CL market cap is currently $67.4B and has a P/E ratio of 34.89.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Colgate-Palmolive Company is a multinational consumer products name engaged in production and distribution of household, personal care, oral care, health care, and veterinary products. The company sells its products across more than 200 countries and territories. The company’s well known global brands include Colgate, Palmolive, Speed Stick, Lady Speed Stick, Ajax, Softsoap and Hill’s pet Nutrition. It has two operating business segment – Oral, Personal and Home Care, and Pet Nutrition.

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