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

Key Points

• PZ Cussons shares moved above their 200-day moving average, reaching GBX 102 before closing at GBX 96.50 on trading volume of approximately 1.18 million shares.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of GBX 115; individual targets range from GBX 110 to GBX 120.
• Company insiders bought shares recently, including 52,920 shares acquired over the last quarter, while PZ Cussons reported quarterly earnings of GBX 4.70 per share and a net margin of 3.66%.

PZ Cussons plc (LON:PZC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 91.30 and traded as high as GBX 102. PZ Cussons shares last traded at GBX 96.50, with a volume of 1,179,012 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of PZ Cussons from GBX 100 to GBX 110 and gave the stock a "neutral" rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, PZ Cussons presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 115.

PZ Cussons Price Performance

The company has a current ratio of 0.84, a quick ratio of 1.36 and a debt-to-equity ratio of 38.34. The business's 50-day simple moving average is GBX 105.27 and its 200-day simple moving average is GBX 91.30. The company has a market capitalization of £406.58 million, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.13 and a beta of 0.52.

PZ Cussons (LON:PZC - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported GBX 4.70 earnings per share for the quarter. PZ Cussons had a net margin of 3.66% and a return on equity of 8.44%. As a group, equities research analysts anticipate that PZ Cussons plc will post 13.9099999 EPS for the current fiscal year.

Insider Buying and Selling at PZ Cussons

In related news, insider Vivek Ahuja purchased 2,508 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of GBX 105 per share, with a total value of £2,633.40. Also, insider Kirsty Bashforth bought 2,508 shares of the company's stock in a transaction dated Monday, August 24th. The shares were acquired at an average cost of GBX 105 per share, with a total value of £2,633.40. Over the last quarter, insiders acquired 52,920 shares of company stock worth $5,476,592. 15.47% of the stock is currently owned by corporate insiders.

PZ Cussons Company Profile

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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