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Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

London Stock Exchange
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Share Price: 98.80
Bid: 99.00
Ask: 99.90
Change: -0.30 (-0.30%)
Spread: 0.90 (0.909%)
Open: 100.00
High: 100.00
Low: 98.20
Prev. Close: 99.10
PZC Live PriceLast checked at -

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PZ Cussons slumps on Canaccord downgrade

Fri, 03rd Jun 2016 09:59

(ShareCast News) - PZ Cussons was under the cosh on Friday after Canaccord Genuity cut the stock to 'hold' from 'buy', keeping the price target at 345p as it recommended taking profits ahead of the full-year update.The brokerage noted that since the interim results on 26 January, the shares are up 37%, helped by a 57% rise in the oil price and outperforming the FTSE 250 index by 31%."We think risk from the scheduled full year trading update on 9th June is no better than equally weighted (with April's update stating that performance 'overall...has been in line with expectations'), and would take profits in the light of the rerating and the lack of a near-term catalyst."Canaccord pointed out that Nigeria, having been as much as 40-45% of group profit three years ago, now accounts for just 25%. It said visibility here remains limited, with further devaluation of the naira possible and Cussons continuing to have to buy dollars at a 50% - or higher - premium to the official rate."While the company has been drawing on its 100+ years of experience in Nigeria, enabling it to perform creditably in Home & Personal Care products (through the sale of smaller pack sizes, for example), we see little prospect of a near term rebound in its more economically sensitive electrical white goods business in Nigeria - despite a strong market share performance."As a result, the brokerage cut its growth assumptions for the Africa division.Still, it said Cussons' performance elsewhere continues to be strong.At 1010 BST, shares were down 3% to 330.30p.
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27 Jan 2016 11:07

Wednesday newspaper share tips: PZ Cussons' Australian acquisitions stretching the balance sheet

(ShareCast News) - PZ Cussons' balance sheet is looking stretched according to The Telegraph's Questor, prompting the columnist to rate the shares at 'sell' on Wednesday. Foreign exchange hit the FTSE 250 company's half year results, with a small dip in reported revenue and a 3.7% drop in profit bef

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27 Jan 2016 09:33

BROKER RATINGS SUMMARY: S&P Capital IQ And HSBC Upgrade easyJet

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26 Jan 2016 16:55

LONDON MARKET CLOSE: Oil Rally, US Data Helps Stocks Recoup Losses

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26 Jan 2016 15:04

FTSE 250 movers: Tullow surges on possibility of being a takeover target

(ShareCast News) - After a poor start to the day, the FTSE 250 had rebounded to be up 3.95 points (0.02%) at 16,150.93 by mid-afternoon Tuesday. Tullow Oil surged as oil prices stayed above $30 a barrel, compounded by a Bloomberg survey of traders that believed the company was a likely takeover targ

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26 Jan 2016 13:06

Broker tips: PZ Cussons, Vodafone, UK banks

(ShareCast News) - PZ Cussons has achieved a "solid" first half given the challenges, according to Investec. The consumer goods company reported a 0.2% dip in reported revenue to £385.9m in the first half due to foreign exchange headwinds. Pre-tax profit fell 3.7% on a reported basis to £42.1m. The

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26 Jan 2016 12:08

LONDON MARKET MIDDAY: Oil Price Bounce Lifts Shares Off Intraday Lows

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26 Jan 2016 10:25

WINNERS & LOSERS SUMMARY: Marston's Merry Christmas Boosts Pub Stocks

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26 Jan 2016 10:16

PZ Cussons a 'buy' after solid first half, says Investec

(ShareCast News) - PZ Cussons has achieved a "solid" first half given the challenges, according to Investec. The consumer goods company reported a 0.2% dip in reported revenue to £385.9m in the first half due to foreign exchange headwinds. Pre-tax profit fell 3.7% on a reported basis to £42.1m. The

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26 Jan 2016 10:16

BUZZ-PZ Cussons: worst day in 7 yrs amid tough trade in Nigeria

** Soap & shampoo maker PZ Cussons down 11.9%, on course for biggest one-day drop since Nov 2008 ** H1 rev £385.9 mln (below cons flagged by one broker in the pre-market of £387.6 mln) ** Difficult trading in Nigeria, Europe performance strong ** Says key risk for H2 in Nigeri

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26 Jan 2016 09:43

BROKER RATINGS SUMMARY: UBS Upgrades RBS To Buy From Neutral

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26 Jan 2016 07:58

PZ Cussons Profit Edges Up But Revenue Dips In Nigeria Difficulties

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26 Jan 2016 07:36

Forex hits PZ Cussons' results

(ShareCast News) - Foreign exchange has hit PZ Cussons' half year results, with a small dip in reported revenue and a 3.7% drop in profit before tax. The FTSE 250 company issued a trading update for the six months to 30 November 2015 on Tuesday. Revenue dropped 0.2% to £385.9m, however on a constan

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19 Jan 2016 16:04

Earnings, Trading Statements Calendar - Week Ahead

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10 Dec 2015 17:14

LONDON MARKET CLOSE: Decline In Rand Hits Old Mutual And Investec

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10 Dec 2015 14:33

FTSE 250 movers: Issues in Africa cause problems for Investec and PZ Cussons

(ShareCast News) - The FTSE 250 continued to drop on Thursday, with the market down 52.17 points (0.30%) to 17,087.68 by mid-afternoon. Political events in South Arica caused Investec to plummet throughout the day. President Jacob Zuma on Wednesday evening fired the country's finance minister, Nhlan

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