PZ Cussons (LON:PZC) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of PZ Cussons (LON:PZC) in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a GBX 120 ($1.51) price target on the stock.

PZ Cussons Trading Up 2.9 %

Shares of PZ Cussons stock opened at GBX 80.80 ($1.02) on Friday. The firm has a 50-day moving average of GBX 87.60 and a 200-day moving average of GBX 98.77. The stock has a market cap of £338.95 million, a PE ratio of -577.14, a PEG ratio of 1.13 and a beta of 0.26. PZ Cussons has a 52-week low of GBX 75.30 ($0.95) and a 52-week high of GBX 159 ($2.00). The company has a debt-to-equity ratio of 75.98, a quick ratio of 1.36 and a current ratio of 1.18.

PZ Cussons Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, October 31st will be given a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from PZ Cussons’s previous dividend of $1.50. PZ Cussons’s payout ratio is presently -2,857.14%.

Insider Activity

In related news, insider Jonathan Myers sold 69,429 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of GBX 90 ($1.13), for a total value of £62,486.10 ($78,687.95). 43.74% of the stock is currently owned by company 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.