UBS Upgrades Procter & Gamble Co to Buy with Price Target $96.00

Brokerage firm UBS Upgrades its rating on Procter & Gamble Co(NYSE:PG). In a research note issued to the investors, the brokerage major Raises the price-target to $96.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by UBS was issued on Jul 14, 2016.

In a different note, Jefferies said it Initiates Coverage on Procter & Gamble Co, according to a research note issued on Jun 15, 2016. The shares have been rated ‘Buy’ by the firm.

Procter & Gamble Co (PG) shares turned negative on Mondays trading session with the shares closing down -0.08 points or -0.09% at a volume of 47,81,778. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $86.05. The peak price level was also seen at $86.05 while the days lowest was $85.7. Finally the shares closed at $85.93. The 52-week high of the shares is $86.89 while the 52-week low is $65.02. According to the latest information available, the market cap of the company is $228,733 M.

Procter & Gamble Co(PG) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $15.76B. Analysts had an estimated revenue of $15.81B. Earnings per share were $0.86. Analysts had estimated an EPS of $0.81.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Gary A Coombe (President-Europe SMO) sold 1,529 shares at $82.36 per share price.Also, On May 31, 2016, Carolyn M Tastad (Group President – NA SMO) sold 1,881 shares at $81.40 per share price.On May 19, 2016, Patrice Louvet (Group President, Global Beauty) sold 8,385 shares at $79.60 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s products are sold in over 180 countries and territories. P&G’s customers include mass merchandisers grocery stores membership club stores drug stores department stores salons distributors e-commerce and stores.

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