Shore Capital Reiterates Hold Rating for PZ Cussons (PZC)

Shore Capital restated their hold rating on shares of PZ Cussons (LON:PZC) in a report issued on Wednesday morning.

Several other brokerages also recently weighed in on PZC. Numis Securities reiterated a hold rating on shares of PZ Cussons in a report on Wednesday, July 25th. JPMorgan Chase & Co. reduced their price target on PZ Cussons from GBX 260 ($3.39) to GBX 250 ($3.26) and set a neutral rating on the stock in a report on Friday, June 15th.

Shares of LON PZC opened at GBX 236 ($3.07) on Wednesday. PZ Cussons has a fifty-two week low of GBX 199.70 ($2.60) and a fifty-two week high of GBX 367.80 ($4.79).

The firm also recently declared a dividend, which will be paid on Thursday, October 4th. Stockholders of record on Thursday, August 9th will be issued a GBX 5.61 ($0.07) dividend. This represents a dividend yield of 2.62%. This is an increase from PZ Cussons’s previous dividend of $2.67. The ex-dividend date of this dividend is Thursday, August 9th.

In other news, insider Brandon Howard Leigh acquired 11,000 shares of PZ Cussons stock in a transaction on Monday, July 30th. The shares were bought at an average cost of GBX 232 ($3.02) per share, for a total transaction of £25,520 ($33,242.15). Also, insider Caroline Silver acquired 10,000 shares of PZ Cussons stock in a transaction on Thursday, July 26th. The shares were purchased at an average price of GBX 220 ($2.87) per share, for a total transaction of £22,000 ($28,657.03).

About PZ Cussons

PZ Cussons Plc manufactures and distributes personal care, home care, food and nutrition, and electrical products worldwide. It offers personal care products, including bar soaps, liquid hand washes, shower gels, and skincare and haircare products under the St.Tropez, Sanctuary Spa, and Being by Sanctuary Spa brands; dish care products under the Morning Fresh brand name, as well as beauty care products; and laundry soaps, and bulk and packaged washing powders under the Canoe and Zip brands, as well as fragrances.

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