Barclays Keeps Their Buy Rating on Procter & Gamble (PG)

Barclays analyst Lauren Lieberman maintained a Buy rating on Procter & Gamble (PGResearch Report) on April 21 and set a price target of $146.00. The company’s shares closed last Thursday at $134.63.

According to TipRanks.com, Lieberman is a 2-star analyst with an average return of 1.3% and a 52.8% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola European Partners, and Reynolds Consumer Products.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Procter & Gamble with a $148.08 average price target, implying a 9.4% upside from current levels. In a report issued on April 16, J.P. Morgan also maintained a Buy rating on the stock with a $148.00 price target.

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The company has a one-year high of $146.92 and a one-year low of $111.25. Currently, Procter & Gamble has an average volume of 8.26M.

Based on the recent corporate insider activity of 127 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 January 2021, Marc Pritchard, the Chief Brand Officer of PG sold 95,163 shares for a total of $12,433,046.

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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.