PZ Cussons plc Price Target Lowered to GBX 450 at Goldman Sachs (PZC)
Goldman Sachs decreased their price objective on shares of PZ Cussons plc (LON:PZC) from GBX 460 ($7.55) to GBX 450 ($7.38) in a research note issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Goldman Sachs’ price target would suggest a potential upside of 20.16% from the stock’s previous close.
Shares of PZ Cussons plc (LON:PZC) traded up 0.08% on Thursday, hitting GBX 374.50. The stock had a trading volume of 1,371,231 shares. PZ Cussons plc has a 52-week low of GBX 335.00 and a 52-week high of GBX 439.50. The stock has a 50-day moving average of GBX 376.7 and a 200-day moving average of GBX 392.0. The company’s market cap is £1.592 billion.
The company also recently declared a dividend, which is scheduled for Monday, April 7th. Shareholders of record on Wednesday, February 19th will be given a dividend of GBX 2.53 ($0.04) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, February 19th.
A number of other analysts have also recently weighed in on PZC. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of PZ Cussons plc in a research note on Wednesday, February 5th. They now have a GBX 440 ($7.22) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PZ Cussons plc in a research note on Wednesday, January 22nd. They now have a GBX 390 ($6.40) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of PZ Cussons plc in a research note on Tuesday, January 21st. They now have a GBX 388 ($6.37) price target on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 416.33 ($6.83).
PZ Cussons Plc is a holding company. The Company is engaged in manufacture and distribution of soaps, detergents, toiletries, beauty products, pharmaceuticals, electrical goods, edible oils, fats and spreads and nutritional products.
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