PZ Cussons plc (PZC) Rating Lowered to Reduce at Numis Securities Ltd
PZ Cussons plc (LON:PZC) was downgraded by research analysts at Numis Securities Ltd to a “reduce” rating in a report issued on Thursday. They presently have a GBX 324 ($4.23) target price on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 10.89% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. Shore Capital restated a “hold” rating on shares of PZ Cussons plc in a report on Thursday, June 9th. Canaccord Genuity lowered shares of PZ Cussons plc to a “hold” rating and set a GBX 345 ($4.50) price target on the stock. in a report on Friday, June 3rd. HSBC boosted their price target on shares of 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, JPMorgan Chase & Co. boosted their price target on shares of PZ Cussons plc from GBX 330 ($4.31) to GBX 360 ($4.70) and gave the company a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 329.67 ($4.30).
PZ Cussons plc (LON:PZC) opened at 367.80 on Thursday. The company’s 50 day moving average is GBX 348.32 and its 200 day moving average is GBX 329.47. PZ Cussons plc has a 12-month low of GBX 240.70 and a 12-month high of GBX 373.30. The firm’s market cap is GBX 1.54 billion.
The business also recently disclosed a dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, August 11th will be paid a GBX 5.50 ($0.07) dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, August 11th. This is a positive change from PZ Cussons plc’s previous dividend of $2.61.
In other PZ Cussons plc news, insider Silver,Caroline bought 10,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was bought 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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