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Berenberg Bank Remains a Hold on Procter & Gamble (PG)
Berenberg Bank analyst maintained a Hold rating on Procter & Gamble yesterday and set a price target of $143.00. The company’s shares closed yesterday at $146.44.
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In addition to Berenberg Bank, Procter & Gamble also received a Hold from Argus Research’s Chris Graja in a report issued on August 7. However, on August 5, Bank of America Securities maintained a Buy rating on Procter & Gamble (NYSE: PG).
Based on Procter & Gamble’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $21.2 billion and a net profit of $3 billion. In comparison, last year the company earned a revenue of $20.89 billion and had a net profit of $3.62 billion
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