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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.