Procter & Gamble Stock Outlook: Potential $172 Price Target and Analyst Insights
Thursday, 4 April 2024, 13:23
Procter & Gamble Stock Forecast
A reliable and generous dividend anchors one of the strongest consumer goods businesses on the scene. Procter & Gamble (NYSE: PG) is, for many investors, a classic dividend stock that is happy to pay a consistently increasing disbursement to its shareholders on the regular. However, it's also got enough potential to power its share price notably higher.
Deutsche Bank Analyst's $172 Price Target
- Analyst Steve Powers of Deutsche Bank has raised Procter & Gamble's price target to $172 per share, with a buy recommendation on the stock.
- The company's diverse product portfolio and strong market presence contribute to its revenue and cash flow stability.
- Growth prospects, combined with a generous dividend yield, make Procter & Gamble an appealing investment choice.
Is Procter & Gamble worth investing in for potential gains in the stock price and dividends?
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.