Shore Capital Reiterates “Hold” Rating for PZ Cussons plc (PZC)
PZ Cussons plc (LON:PZC)‘s stock had its “hold” rating restated by Shore Capital in a report released on Wednesday.
Other equities analysts have also issued research reports about the stock. Numis Securities Ltd raised shares of PZ Cussons plc to a “hold” rating and set a GBX 296 ($3.86) price objective for the company in a research note on Friday, June 10th. Canaccord Genuity lowered shares of PZ Cussons plc to a “hold” rating and set a GBX 345 ($4.50) price objective for the company. in a research note on Friday, June 3rd. HSBC raised their price objective on shares of PZ Cussons plc from GBX 300 ($3.92) to GBX 322 ($4.20) and gave the stock a “hold” rating in a research note on Friday, June 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 330 ($4.31) price objective on shares of PZ Cussons plc in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. PZ Cussons plc has an average rating of “Hold” and a consensus target price of GBX 329.67 ($4.30).
PZ Cussons plc (LON:PZC) opened at 361.30 on Wednesday. The stock’s market capitalization is GBX 1.51 billion. PZ Cussons plc has a 52-week low of GBX 240.70 and a 52-week high of GBX 373.30. The firm has a 50-day moving average of GBX 348.09 and a 200-day moving average of GBX 329.14.
The company also recently announced a dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, August 11th will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date is Thursday, August 11th. This is a positive change from PZ Cussons plc’s previous dividend of $2.61. This represents a yield of 1.7%.
In other news, insider Silver,Caroline bought 10,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average cost of GBX 333 ($4.35) per share, for a total transaction 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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