Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Procter & Gamble (PG – Research Report) yesterday and set a price target of $163.00. The company’s shares closed last Thursday at $137.68.
According to TipRanks.com, Ottenstein is a 2-star analyst with an average return of 2.4% and a 60.5% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Constellation Brands.
Procter & Gamble has an analyst consensus of Moderate Buy, with a price target consensus of $146.00, representing a 6.3% upside. In a report issued on July 16, Barclays also maintained a Buy rating on the stock with a $153.00 price target.
Procter & Gamble’s market cap is currently $340.8B and has a P/E ratio of 25.70. The company has a Price to Book ratio of -18.44.
Based on the recent corporate insider activity of 137 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 May 2021, David S. Taylor, the COB, Pres & CEO of PG sold 56,202 shares for a total of $7,783,977.
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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.