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TipRanksStock Market NewsPG NewsRBC Capital Keeps a Hold Rating on Procter & Gamble (PG)
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RBC Capital Keeps a Hold Rating on Procter & Gamble (PG)

RBC Capital analyst Nik Modi maintained a Hold rating on Procter & Gamble (PGResearch Report) on June 17 and set a price target of $160.00. The company’s shares closed last Friday at $132.36, close to its 52-week low of $129.50.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 7.8% and a 59.0% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings.

Procter & Gamble has an analyst consensus of Moderate Buy, with a price target consensus of $168.73.

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Based on Procter & Gamble’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $19.38 billion and net profit of $3.36 billion. In comparison, last year the company earned revenue of $18.11 billion and had a net profit of $3.27 billion.

Based on the recent corporate insider activity of 138 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. Most recently, in April 2022, David S. Taylor, the EC of PG sold 30,000 shares for a total of $4,884,600.

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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