JP Morgan Initiates Coverage On Procter & Gamble Co to Neutral with Price Target $98

JP Morgan Initiates Coverage On Procter & Gamble Co(PG). In a research note issued to the investors, the brokerage major Announces the price-target to $98 per share. The shares have been rated Neutral. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 6, 2017, B. Riley said it Downgrades its rating on Procter & Gamble Co. According to the research note, B. Riley Lowers the price target to $91 per share from a prior target of $106. The shares have been rated ‘Neutral’ by the firm. On Jan 9, 2017, Goldman Sachs said it Downgrades its rating on Procter & Gamble Co. According to the research note, Goldman Sachs Lowers the price target to $77 per share from a prior target of $86. The shares have been rated ‘Sell’ by the firm. On Dec 22, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Procter & Gamble Co. In the research note, the firm Announces the price-target to $85 per share. The shares have been rated ‘Hold’ by the firm.

Procter & Gamble Co (PG) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -0.22% at a volume of 92,51,999. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $90.915. The peak price level was also seen at $90.915 while the days lowest was $90.21. Finally the shares closed at $90.57. The 52-week high of the shares is $92 while the 52-week low is $79.1. According to the latest information available, the market cap of the company is $231,540 M.

Procter & Gamble Co(PG) last announced its earnings results on Jan 20, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $16.856B. Analysts had an estimated revenue of $16.900B. Earnings per share were $1.08. Analysts had estimated an EPS of $1.07.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2017, Kathleen B Fish (Chief Technology Officer) sold 743 shares at $91.19 per share price.Also, On Mar 1, 2017, Marylynn Fergusonmchugh (Group President Global Family) sold 2,915 shares at $91.20 per share price.On Mar 1, 2017, Patrice Louvet (Group President, Global Beauty) sold 2,088 shares at $91.24 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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