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


In a report released today, James Targett from Berenberg Bank maintained a Hold rating on Procter & Gamble (PG), with a price target of $136.00. The company’s shares closed last Wednesday at $133.44, close to its 52-week high of $134.65.

According to TipRanks.com, Targett is a 1-star analyst with an average return of -5.5% and a 47.1% success rate. Targett covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Unilever NV, and Nestlé SA.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Procter & Gamble with a $141.08 average price target, which is a 5.6% upside from current levels. In a report issued on July 22, Truist Financial also maintained a Hold rating on the stock with a $120.00 price target.

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The company has a one-year high of $134.65 and a one-year low of $94.34. Currently, Procter & Gamble has an average volume of 7.48M.

Based on the recent corporate insider activity of 132 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.

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. engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances. The Health Care segment includes oral care products like toothbrushes, toothpaste, and personal health care such as gastrointestinal, rapid diagnostics, respiratory, and vitamins, minerals, and supplements. The Fabric and Home Care segment consist of fabric enhancers, laundry additives and detergents, and air, dish, and surface care. The Baby, Feminine and Family Care segment sells baby wipes, diapers, and pants, adult incontinence, feminine care, paper towels, tissues, and toilet paper. The company was founded by William Procter and James Gamble in 1837 and is headquartered in Cincinnati, OH.

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