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

Key Points

• PZ Cussons shares rose above their 200-day moving average, reaching GBX 104.02 and last trading at GBX 103, compared with the average of GBX 90.81.
• Analyst sentiment is generally positive: JPMorgan raised its price target to GBX 110 with a neutral rating, while Deutsche Bank maintained a buy rating and a GBX 120 target. The consensus rating is “Moderate Buy,” with an average target of GBX 115.
• Recent quarterly earnings were GBX 4.70 per share, while insiders bought 52,920 shares worth approximately £5.48 million over the past 90 days, suggesting some management confidence in the stock.

PZ Cussons plc (LON:PZC - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 90.81 and traded as high as GBX 104.02. PZ Cussons shares last traded at GBX 103, with a volume of 417,917 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PZC shares. JPMorgan Chase & Co. boosted their price objective on shares of PZ Cussons from GBX 100 to GBX 110 and gave the stock a "neutral" rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 120 target price on shares of PZ Cussons in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, PZ Cussons presently has a consensus rating of "Moderate Buy" and an average price target of GBX 115.

PZ Cussons Stock Down 0.6%

The company has a market cap of £432.96 million, a PE ratio of -88.03, a PEG ratio of 1.13 and a beta of 0.53. The business's fifty day simple moving average is GBX 105.38 and its two-hundred day simple moving average is GBX 90.81. The company has a debt-to-equity ratio of 38.34, a current ratio of 0.84 and a quick ratio of 1.36.

PZ Cussons (LON:PZC - Get Free Report) last issued its quarterly 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%. On average, analysts predict that PZ Cussons plc will post 13.9099999 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Vivek Ahuja purchased 2,508 shares of PZ Cussons stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of GBX 105 per share, with a total value of £2,633.40. Also, insider Valeria Juarez acquired 2,508 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of GBX 105 per share, for a total transaction of £2,633.40. Insiders acquired a total of 52,920 shares of company stock worth $5,476,592 over the last ninety days. 15.50% of the stock is currently owned by 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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