TipRanksStock Market NewsPG NewsProcter & Gamble (PG) Receives a Hold from Berenberg Bank

Procter & Gamble (PG) Receives a Hold from Berenberg Bank

Berenberg Bank analyst Fulvio Cazzol maintained a Hold rating on Procter & Gamble (PGResearch Report) on March 24 and set a price target of $140.00. The company’s shares closed last Friday at $152.83.

According to TipRanks.com, Cazzol is a 2-star analyst with an average return of 0.0% and a 41.6% success rate. Cazzol covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Colgate-Palmolive, and Kimberly Clark.

Procter & Gamble has an analyst consensus of Moderate Buy, with a price target consensus of $170.46, implying a 12.4% upside from current levels. In a report issued on March 22, Citigroup also maintained a Hold rating on the stock.

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The company has a one-year high of $165.35 and a one-year low of $130.30. Currently, Procter & Gamble has an average volume of 8.08M.

Based on the recent corporate insider activity of 150 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 PG in relation to earlier this year. Last month, David S. Taylor, the EC of PG sold 30,095 shares for a total of $4,875,390.

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.

Procter & Gamble Co. manufactures and sells branded consumer packaged goods across five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. Some of the popular brands owned by the company include Head & Shoulders, Pantene, Olay, Gillette, Oral-B, Vicks, Ariel, Tide, Pampers, Luvs and Bounty. The company was founded by William Procter and James Gamble in 1837 and is headquartered in Cincinnati, OH.

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