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Canaccord Initiates Coverage on Procter & Gamble with a “Buy” Rating (PG)
Canaccord reported on Thursday that they have began coverage of Consumer goods provider, The Procter & Gamble Company(PG
).
The firm has initiated coverage on PG with a “Buy” rating and $87 price target. This price target suggests a 11.8% upside to the stock’s current price of $76.69.
Analysts have given the company a “Buy” rating and has based its price target on the company’s cost cuttings measures that they have been taking.
Procter & Gamble shares were mostly flat during Thursday morning trading. The stock has increased 19% in the past year.
The Bottom Line
Shares of The Procter & Gamble Company(PG) have a 2.93% yield, based on Thursday morning’s price of $76.69.
The Procter & Gamble Company(PG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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