Colgate-Palmolive hits an all-time high after reporting good December quarter results; brokerages revise targets

Colgate-Palmolive Share Price: Colgate-Palmolive hit an all-time high of Rs 2579.85 on BSE on Tuesday (January 23, 2024) after the consumer products company reported good December-quarter results. 

The stock of the company that closed at Rs 2534.15 on Monday evening started trading at its all-time high of Rs 2579.85 on Tuesday morning.

The stock was trading lower by 1.45 per cent, or Rs 36.85 at Rs 2497.30 at 11:07 am on Tuesday.

Colgate-Palmolive Q3 results

The large-cap company's profit after tax for the December quarter was up by 36 per cent, while the revenue from operations jumped by 8 per cent.

The margins saw growth of 33.5 per cent.  

What brokerage says about Colgate-Palmolive 

Jefferies has maintained a buy call, raising the target to Rs 2930 from Rs 2820 

CLSA has maintained a sell call on the firm, raising the target to Rs 2001 from Rs 1932. 

Citi has maintained a sell call with a raise in the target price to Rs 2000 from Rs 1730. 

HSBC has maintained a buy call, raising its target price to Rs 2900 from Rs 2650. 

JP Morgan has maintained a neutral call.

Goldman Sachs has maintained a sell call on the firm, raising the target to Rs 1900 from Rs 1750.