PZ Cussons plc (PZC) Price Target Raised to GBX 360 at JPMorgan Chase & Co.
PZ Cussons plc (LON:PZC) had its price target boosted by analysts at JPMorgan Chase & Co. from GBX 330 ($4.31) to GBX 360 ($4.70) in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 1.93% from the company’s current price.
PZC has been the topic of several other research reports. Canaccord Genuity downgraded PZ Cussons plc to a “hold” rating and set a GBX 345 ($4.50) price objective on the stock. in a report on Friday, June 3rd. Numis Securities Ltd raised PZ Cussons plc to a “hold” rating and set a GBX 296 ($3.86) price objective on the stock in a report on Friday, June 10th. HSBC raised their price objective on PZ Cussons plc from GBX 300 ($3.92) to GBX 322 ($4.20) and gave the company a “hold” rating in a report on Friday, June 10th. Finally, Shore Capital reissued a “hold” rating on shares of PZ Cussons plc in a report on Thursday, June 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 329.67 ($4.30).
PZ Cussons plc (LON:PZC) opened at 364.50 on Thursday. The firm’s market capitalization is GBX 1.53 billion. The stock’s 50 day moving average price is GBX 347.60 and its 200 day moving average price is GBX 328.98. PZ Cussons plc has a 52-week low of GBX 240.70 and a 52-week high of GBX 373.30.
The business also recently announced a dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, August 11th will be issued a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date is Thursday, August 11th. This is an increase from PZ Cussons plc’s previous dividend of $2.61. This represents a yield of 1.7%.
In related news, insider Silver,Caroline bought 10,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were purchased at an average cost of GBX 333 ($4.35) per share, with a total value of £33,300 ($43,466.91).
About PZ Cussons plc
PZ Cussons Plc is a United Kingdom-based consumer products company. The Company’s personal care products include bar soap, liquid hand wash, shower gel, skincare and hair care. The Company’s home care consists of fabric care, which includes products, such as laundry soap and branded bulk and packaged washing powder, and dish care, which includes its Morning Fresh brand.
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