PZ Cussons (LON:PZC) Trading 9.6% Higher - Here's Why

Key Points

• PZ Cussons' stock price increased by 9.6% on Wednesday, reaching a last traded price of GBX 72.66 ($0.99), with trading volume surging by 279% compared to the average.
• Analysts have issued a "neutral" rating with a target price of GBX 100, while the stock holds an average rating of "Moderate Buy" with a target price of GBX 110.
• The company reported earnings of GBX 7.34 per share, along with a negative net margin of 10.80% and a negative return on equity of 21.80%.

PZ Cussons plc (LON:PZC - Get Free Report)'s share price shot up 9.6% during trading on Wednesday . The company traded as high as GBX 73 ($0.98) and last traded at GBX 72.66 ($0.98). 3,077,366 shares were traded during mid-day trading, an increase of 279% from the average session volume of 812,420 shares. The stock had previously closed at GBX 66.30 ($0.89).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 100 price objective on shares of PZ Cussons in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 110.

PZ Cussons Trading Up 3.8%

The firm has a market capitalization of £332.24 million, a price-to-earnings ratio of -5,044.59, a P/E/G ratio of 1.13 and a beta of 0.26. The business has a 50-day moving average of GBX 70.12 and a two-hundred day moving average of 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.

PZ Cussons (LON:PZC - Get Free Report) last released 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 return on equity of 21.80% and a negative net margin of 10.80%. Research analysts predict that PZ Cussons plc will post 13.9099999 EPS 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.