Accueil > Actualité
Actualite financiere : Actualite bourse

Procter & Gamble: Jefferies still a buyer, raises TP

( - Jefferies reinstates its "buy" recommendation on the Procter & Gamble share, having raised its target price from 140 dollars to 148 dollars, in the wake of 2021-22 EPS estimates raised by approximately 2%-3% for the personal care and household product giant.

Ahead of its fourth quarter results, due out on 30 July, the broker expects organic sales growth of 4%, along with EPS of 1.04 dollar, highlighting strong demand in the US and a recovery in China.

"In addition, we continue to see PG as a beneficiary of COVID-19 mega-trends, such as at-home, on-line and health & hygiene," Jefferies continues, which also points out a P/E of 23.5x, representing a discount of around 10% to its peers.

Copyright (c) 2020 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.