Accueil > Actualité
Actualite financiere : Actualite bourse

Procter & Gamble: Jefferies still a buyer

(CercleFinance.com) - Jefferies reinstates its 'buy' rating on Procter & Gamble shares, having nudged up its corresponding target price from 162 dollars to 163 dollars, ahead of the US consumer staples giant's Q1 results.


While it recognises that the cost and logistics environment poses significant headwinds for FY 2021-22, the broker points to an intra-quarter acceleration in US consumer trends in the first quarter.

Jefferies expects organic sales growth of around 3%, along with EPS of 1.60 dollars (above the consensus of +1.5% and 1.59 dollars respectively). Trading at around 24x EPS, P&G is trading close to parity with its personal and household care peers, the broker adds.

The share is down about 0.5% in pre-market trading on Monday.


Copyright (c) 2021 CercleFinance.com. All rights reserved.
 

societes

marches

tendances

 
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.