The Procter & Gamble Company (PG) rose 1.53% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 5.12% and is now up by 2.11% since start of this year. A look at its monthly performance shows that the stock has recorded a 16.92% gain over the past 30 days. Its equity price climbed by 12.17% over the past three months which led to its overall six-month increase to stand at 26.68%.
Experts from research firms are bullish about the near-term performance of The Procter & Gamble Company with most of them predicting a $89.22 price target on a short-term (12 months) basis. The average price target by the analysts will see a -4.9% rise in the stock and would lead to PG’s market cap to surge to $222.16B. The stock has been rated an average 2.6, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 24 analysts that track The Procter & Gamble Company (NYSE:PG) and find out that 16 of them rated it as a Hold. 7 of the 8 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at PG technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 72.99 point. Its trading volume has added 3658742 shares compared to readings over the past three months as it recently exchanged 12978742 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 9320000 shares, and this is 1.39 times the normal volume.
Analysts have predicted a price target for Darden Restaurants, Inc. (DRI) for 1 year and it stands at an average $121.96/share. This means that it would likely increase by 9.03% from its current position. The current price of the stock has been moving between $109.75 and $111.99. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $94. On the other hand, one analyst is super bullish about the price, setting a target as high as $138.
Analysts view Darden Restaurants, Inc. (NYSE:DRI) as a Hold, with 2.2 consensus rating. Reuters surveyed 25 analysts that follow DRI and found that 10 of those analysts rated the stock as a Hold. The remaining 15 were divided, with 14 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Darden Restaurants, Inc. (DRI) shares or sell it if they already own it.