Wells Fargo analyst Christopher Carey assigned a Buy rating to Procter & Gamble (PG – Research Report) yesterday and set a price target of $180.00. The company’s shares closed yesterday at $160.22.
According to TipRanks, Carey is a 4-star analyst with an average return of 4.4% and a 52.12% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Colgate-Palmolive, and Clorox.
Procter & Gamble has an analyst consensus of Moderate Buy, with a price target consensus of $168.60, implying a 5.23% upside from current levels. In a report released on February 22, Barclays also assigned a Buy rating to the stock with a $165.00 price target.
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PG market cap is currently $378.9B and has a P/E ratio of 26.97.
Based on the recent corporate insider activity of 142 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. Earlier this month, Gary Coombe, the CEO – Grooming of PG sold 22,000.00 shares for a total of $3,549,040.00.
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 (PG) Company Description:
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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- Procter & Gamble price target raised to $160 from $155 at Truist
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