Procter & Gamble Price Target Lowered by Royal Bank of Canada

Procter & Gamble (NYSE: PG) has seen its price target adjusted by several analysts recently. Royal Bank of Canada lowered its target from $167.00 to $166.00, maintaining an "outperform" rating. This target suggests a potential upside of 11.68% from the current stock price.

Other firms have also weighed in on PG. Weiss Ratings reiterated a "hold (c)" rating, while Citigroup reduced its price target from $181.00 to $170.00, keeping a "buy" rating. Evercore set a $166.00 target price, and Argus downgraded the stock from "buy" to "hold". TD Cowen restated a "hold" rating with a $150.00 target.

Currently, PG has a consensus "Moderate Buy" rating with a price target of $161.70. The stock opened at $148.64 on Tuesday, with a 52-week range of $137.62 to $167.25. The company reported earnings of $1.43 per share for the last quarter, beating estimates by $0.02.

Insider activity includes sales by Marc Pritchard and Matthew Janzaruk, with insiders selling a total of 6,627 shares valued at $953,417 over the last quarter. Institutional investors, such as BlackRock Inc. and Bank of America Corp DE, have also adjusted their positions in PG.