The shares of The Procter & Gamble Company (NYSE:PG) dropped by -2.86% or -$2.71 from its last recorded high of $94.81 which it attained on November 16 to close at $92.1 per share. Over the past 52 weeks, the shares of The Procter & Gamble Company has been trading as low as $70.73 before witnessing a massive surge by 30.21% or $21.37. This price movement has led to the PG stock receiving more attention and has become one to watch out for. It dipped by -1.28% on Tuesday and this got the market worried. The stock’s beta now stands at 0.37 and when compared to its 200-day moving average and its 50-day moving average, PG price stands 14.75% above and 6.95% above respectively. Its average daily volatility for this week is 1.39% which is less than the 1.74% recorded over the past month.
The Procter & Gamble Company (PG) sank -1.47% 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 4.34% and is now up by 0.24% since start of this year. A look at its monthly performance shows that the stock has recorded a 6.35% gain over the past 30 days. Its equity price climbed by 10.44% over the past three months which led to its overall six-month increase to stand at 24.16%.
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 -3.13% 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 neutral zone after reaching 61.15 point. Its trading volume has added 2716447 shares compared to readings over the past three months as it recently exchanged 12056447 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 9340000 shares, and this is 1.29 times the normal volume.
The price of Sally Beauty Holdings, Inc. (NYSE:SBH) currently stands at $19.67 after it went down by $-0.81 or -3.96% and has found a strong support at $19.4 a share. If the SBH price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $19.14 mark would also be bad for the stock as it means that the stock would plunge by 2.69% from its current position. However, if the stock price is able to trade above the resistance point around $20.09, then it could likely surge higher to try and break the upward resistance which stands at $20.52 a share. Its average daily volatility over the past one month stands at 5.41%. The stock has plunged by 0.56% from its 52-weeks high of $19.56 which it reached on Nov. 08, 2018. In general, it is 30.25% above its 52-weeks lowest point which stands at $13.72 and this setback was observed on Aug. 02, 2018.
Analysts have predicted a price target for Sally Beauty Holdings, Inc. (SBH) for 1 year and it stands at an average $17.56/share. This means that it would likely increase by -10.73% from its current position. The current price of the stock has been moving between $19.56 and $20.25. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $14. On the other hand, one analyst is super bullish about the price, setting a target as high as $24.
Analysts view Sally Beauty Holdings, Inc. (NYSE:SBH) as a Sell, with 3.5 consensus rating. Reuters surveyed 10 analysts that follow SBH and found that 6 of those analysts rated the stock as a Hold. The remaining 4 were divided, with 0 analyst rating it as a Buy or a Strong Buy while 4 analysts advised investors to desist from buying Sally Beauty Holdings, Inc. (SBH) shares or sell it if they already own it.