PZ Cussons (LON:PZC) Share Price Breaks Above 200 Day Moving Average - Here's What Happened

Key Points

• PZ Cussons shares climbed above their 200-day moving average, reaching GBX 98 before closing at GBX 97.20, compared with the moving average of GBX 92.45.
• Analyst sentiment is generally positive: JPMorgan raised its price target to GBX 110 while maintaining a neutral rating, and Deutsche Bank reiterated its buy rating with a GBX 120 target. The consensus rating is “Moderate Buy,” with a GBX 115 target price.
• Insiders have been buying shares, acquiring more than 53,000 shares over the past 90 days; insiders own 15.47% of the company.

PZ Cussons plc (LON:PZC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 92.45 and traded as high as GBX 98. PZ Cussons shares last traded at GBX 97.20, with a volume of 171,508 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PZC shares. JPMorgan Chase & Co. boosted their price target on PZ Cussons from GBX 100 to GBX 110 and gave the company a "neutral" rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 120 price objective on shares of PZ Cussons in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, PZ Cussons has a consensus rating of "Moderate Buy" and a consensus target price of GBX 115.

PZ Cussons Trading Down 0.3%

The company has a quick ratio of 1.36, a current ratio of 0.84 and a debt-to-equity ratio of 38.34. The firm's 50 day moving average is GBX 103.28 and its two-hundred day moving average is GBX 92.45. The stock has a market cap of £409.53 million, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 1.13 and a beta of 0.52.

PZ Cussons (LON:PZC - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported GBX 4.70 EPS for the quarter. PZ Cussons had a return on equity of 8.44% and a net margin of 3.66%. Equities analysts anticipate that PZ Cussons plc will post 13.9099999 EPS for the current year.

Insider Buying and Selling at PZ Cussons

In related news, insider David A. Tyler bought 40,000 shares of the company's stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of GBX 103 per share, with a total value of £41,200. Also, insider Vivek Ahuja bought 2,508 shares of the business's stock in a transaction on Monday, August 24th. The stock was bought at an average price of GBX 105 per share, for a total transaction of £2,633.40. Over the last ninety days, insiders have acquired 53,074 shares of company stock worth $5,491,530. 15.47% of the stock is owned by company insiders.

About PZ Cussons

PZ Cussons plc manufactures, distributes, markets, and sells baby, beauty, and hygiene products in Europe, the Americas, the Asia Pacific, and Africa. The company offers toiletries, pharmaceuticals, electrical goods, edible oils, fats and spreads, nutritional products, shampoos, body washes, toothpastes, toothbrushes, skin and hair care products, food pouches, cereals, snacks, flavors, and fragrances; beauty soaps, lotions, wipes, creams, shower gels, foam-bursts, bar soaps, deodorants, bath infusions, handwashes, and conditioners; ointments; dishwashing liquids, dishwasher tablets, dishwasher gels, dishwasher capsules, rinse aids, liquid detergents, laundry soaps, and laundry solutions; and cooking and vegetable oils.

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