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

Key Points

• PZ Cussons plc shares surged 10.9% during mid-day trading, reaching as high as GBX 75.30 after closing at GBX 66.30.
• Analysts maintain a consensus rating of "Moderate Buy" for PZ Cussons, with a current price target of GBX 110.
• The company reported a negative net margin of 10.80% and a return on equity of -21.80% in its latest earnings results.

PZ Cussons plc (LON:PZC - Get Free Report)'s share price shot up 10.9% during trading on Wednesday . The company traded as high as GBX 75.30 ($1.01) and last traded at GBX 73.52 ($0.99). 7,511,544 shares were traded during mid-day 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 Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 100 price target on shares of PZ Cussons in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 110.

PZ Cussons Trading Up 3.8%

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

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

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.