PZ Cussons (LON:PZC) Trading 10.9% Higher - Here's Why

Key Points

• PZ Cussons' stock price surged by 10.9%, closing at GBX 73.52 after trading as high as GBX 75.30, with a trading volume increase of 797% over the average daily volume.
• JPMorgan Chase & Co. maintained a "neutral" rating with a target price of GBX 100, contributing to a consensus rating of "Moderate Buy" among analysts.
• The company reported a negative net margin of 10.80% and a negative return on equity of 21.80%, despite analysts predicting earnings per share of approximately GBX 13.91 for the current year.

PZ Cussons plc (LON:PZC - Get Free Report)'s share price shot up 10.9% during mid-day trading on Thursday . The stock traded as high as GBX 75.30 ($1.01) and last traded at GBX 73.52 ($0.99). 7,511,544 shares changed hands during trading, an increase of 797% from the average session volume of 837,054 shares. The stock had previously closed at GBX 66.30 ($0.89).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 100 price target on shares of PZ Cussons in a report on Tuesday, July 1st. 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, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 110.

PZ Cussons Stock Up 3.8%

The company has a current ratio of 1.18, a quick ratio of 1.36 and a debt-to-equity ratio of 73.75. The stock has a market cap of £332.24 million, a P/E ratio of -5,044.59, a PEG ratio of 1.13 and a beta of 0.26. The firm has a 50-day simple moving average of GBX 70.12 and a two-hundred day simple moving average of GBX 75.96.

PZ Cussons (LON:PZC - Get Free Report) last issued its quarterly earnings results on Wednesday, September 17th. The company reported GBX 7.34 EPS for the quarter. PZ Cussons had a negative return on equity of 21.80% and a negative net margin of 10.80%. Equities research analysts expect that PZ Cussons plc will post 13.9099999 earnings per share for the current fiscal year.

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.