Procter & Gamble Company (The) (PG) : Analyst Rating Update

Procter & Gamble Company (The) (PG) : The consensus on Procter & Gamble Company (The) (PG) based on 18 analyst recommendation on the company stock is 2.11, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Procter & Gamble Company (The) (PG).

Procter & Gamble Company (The) (PG) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $95 and the lowest price target forecast is $69. The average forecast of all the analysts is $84.36 and the expected standard deviation is $7.57.

Procter & Gamble Company (The) (NYSE:PG): The stock opened at $85.37 on Wednesday but the bulls could not build on the opening and the stock topped out at $85.50 for the day. The stock traded down to $84.74 during the day, due to lack of any buying support eventually closed down at $85.03 with a loss of -0.48% for the day. The stock had closed at $85.44 on the previous day. The total traded volume was 8,356,546 shares.

Also, Jefferies initiates coverage on Procter & Gamble Company (The) (NYSE:PG). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $95 per share. The rating by the firm was issued on June 15, 2016. The company shares have rallied 5.49% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $85.95 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $82.40 and the 200 Day Moving Average price is recorded at $81.31.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands. The Companys products are sold in over 180 countries and territories. P&Gs customers include mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons distributors, e-commerce and stores.

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