Very recently I have seen a few big broking houses that are super bullish on Colgate Palmolive’s share price. Many of them believe that COLPAL share will zoom soon. So, in this post let’s analyze the Colgate share price forecast and let’s check the pros and cons of investing in the company at the current price levels. Those who have invested in our last pick Jubilant Foodworks are already gaining more than 2% in a single day.
About Colgate Palmolive
Before diving into the Colgate share price forecast, let’s take a quick look at the company. Colgate Palmolive is a leading oral and personal care products company with a market value of US$4 billion, which is larger than its peers Dabur India and Hindustan Unilever. The company has been operating in India for many years and has a strong financial track record to back up its investors. As per the last data, Colgate had 1959 employees in India ahead of Emami and Dabur.
Financial Data of Colgate Palmolive
The above image shows the financial data of the company. It has almost zero debt and a strong dividend-paying history. The last dividend payment was 57.6%.
Weekly Chart Analysis
Before discussing the brokers’ views on the Colgate Palmolive share price, let’s analyze the weekly chart of the company. The Colgate share price has made an inside bar last week, and this week’s price is also contained inside last week’s price action. After a run-up, the price is taking a breather, and it is likely to start its northward journey again.
The closing price on the day of writing this article was Rs. 1065.60.
Broker’s View on COLPAL
Now let us analyze the forecast made by different brokers about the Colgate share price.
Angel Broking Forecast on the Colgate Share Price
Angel Broking has recommended a BUY on COLPAL at current levels. They have not mentioned any stop loss or target. Investors can buy this stock and hold it for the medium term. You can read the full report of Angel Broking by downloading it from here.
Religare Forecast on the Colgate Share Price
This stock is also on the radar of Religare, and in their Colgate share price forecast, they have recommended a BUY with a protective stop below 1035 for a short-term target of 1130.
FAQs on Colgate Share Price Forecast
Yes, Colgate stock can be a good investment for investors due to its healthy dividend yield and potential for future growth. Careful analysis of the company’s financials is recommended before deciding on an investment in Colgate.
Analysts have issued different target prices based on their own findings; however, they all fall within a range where the highest estimate suggests that COLPAL should be around Rs 1700-1800 in the next 12 months. Investors are recommended to make their own assessment when determining what price targets to set for a particular investment.
That ultimately depends on your goals as an investor and your risk appetite. Analyzing historic trends along with assessing current market conditions can provide insight into whether purchasing shares in Colpage Palmolive might be beneficial or not at this time. Additionally, it’s important to ensure that any decision made fits comfortably within overall portfolio objectives before investing in COLPAL shares or selling them off completely if already owned.
It’s difficult to definitively answer this question without further information about individual circumstances such as personal goals associated with trading activity and analytical insights from each individual investor’s research process when evaluating stocks like Colgate-Palmolive Company (CPLC). That said, there are resources available online that can help individuals assess whether buying into CPLC could prove rewarding long term or not depending on factors including stated goals and market conditions at the time of purchase/sale.
The Colgate Palmolive share price forecast looks bullish, with brokers like Angel Broking and Religare recommending a BUY on the stock. Colgate Palmolive is a well-established company with a strong financial track record and a market value of US$4 billion. Investors can consider investing in this stock for the medium to long term.