Canaccord Genuity Reaffirms “Buy” Rating for PZ Cussons plc (PZC)
PZ Cussons plc (LON:PZC)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a research report issued on Wednesday. They currently have a GBX 440 ($7.30) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 17.84% from the stock’s previous close.
PZ Cussons plc (LON:PZC) opened at 376.30 on Wednesday. PZ Cussons plc has a 52 week low of GBX 320.00 and a 52 week high of GBX 439.50. The stock’s 50-day moving average is GBX 361.3 and its 200-day moving average is GBX 355.7. The company’s market cap is £1.586 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 5.23 ($0.09) per share. This represents a dividend yield of 1.45%. The ex-dividend date is Wednesday, August 13th.
A number of other analysts have also recently weighed in on PZC. Analysts at Shore Capital reiterated a “hold” rating on shares of PZ Cussons plc in a research note on Thursday, August 7th. Separately, analysts at Investec raised their price target on shares of PZ Cussons plc from GBX 380 ($6.31) to GBX 386 ($6.41) in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of PZ Cussons plc from GBX 352 ($5.84) to GBX 386 ($6.41) in a research note on Monday, August 4th. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 398.67 ($6.62).
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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