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Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

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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.
More News
27 Jun 2022 09:31

PZ Cussons trading meets expectations as Must Win Brands sales recover

(Alliance News) - PZ Cussons PLC on Monday said trading in its financial fourth quarter was in line with expectations despite a challenging business environment.

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27 Jun 2022 09:09

LONDON MARKET OPEN: Stocks rise as Asia rallies; Biffa falls on delay

(Alliance News) - Stock prices in London opened higher on Monday amid hopes of less aggressive monetary policy tightening by central banks, while Biffa shares fell after a delay to the publication of its annual results.

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27 Jun 2022 07:58

LONDON MARKET PRE-OPEN: AstraZeneca breast cancer drugs recommended

(Alliance News) - Stock prices in London are seen opening higher on Monday following a strong close in the US on Friday and a rally across Asian markets, amid gatherings of world leaders and central bankers at separate meetings in Europe this week.

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27 Jun 2022 07:03

PZ Cussons sees group revenue growth of 3%

(Sharecast News) - UK consumer goods and healthcare company PZ Cussons said it expected annual group revenue of around £590m with like-for-like growth of 3%.

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21 Jun 2022 09:37

LONDON BROKER RATINGS: JPMorgan downgrades Asos, boohoo and AB Foods

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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20 May 2022 14:35

IN BRIEF: PZ Cussons issues statement on re-election of two directors

PZ Cussons PLC - Manchester-based manufacturer of personal care brands - Issues explanation for why at least 20% of shares cast votes against the re-election of two directors at its annual general meeting in November. Says reason are concerns from a small number of "significant shareholders over remuneration targets and non-executive director share ownership". Firm ensures it has engaged with shareholders on these issues and will continue to do so. "The board continues to keep its remuneration policy under review to ensure it aligns with regulatory requirements and incorporates feedback from stakeholders where practicable," PZ Cussons adds.

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13 Apr 2022 10:35

PZ Cussons backs financial 2022 guidance on third quarter growth

(Alliance News) - PZ Cussons PLC said on Wednesday said it has seen a continued improvement in revenue trends following a decline in the first quarter of its financial year, which ends May 31.

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13 Apr 2022 07:51

LONDON MARKET PRE-OPEN: UK inflation rips to 30-year high; GSK buys

(Alliance News) - Stocks in London were called flat on Wednesday morning as investors digest surging UK inflation data, which follows on the heels of red-hot consumer prices in the US and Germany.

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13 Apr 2022 07:42

PZ Cussons Q3 revenues rise as inflation to have 'limited' impact

(Sharecast News) - Consumer goods group PZ Cussons said third quarter sales rose 8.5% driven by its price-to-discount mix as it maintained volumes during the period.

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6 Apr 2022 15:52

UK earnings, trading statements calendar - next 7 days

Thursday 7 April 
Alpha Financial Markets Consulting PLCTrading Statement
Attraqt Group PLCFull Year Results
Entain PLCQ1 Results
Robert Walters PLCQ1 Results
Tracsis PLCHalf Year Results
Friday 8 April 
CMC Markets PLCTrading Statement
Ferrexpo PLCTrading Statement
Monday 11 April 
Tortilla Mexican Grill PLCFull Year Results
Sirius Real Estate LtdTrading Statement
Tuesday 12 April 
ASOS PLCHalf Year Results
Cambridge Cognition Holdings PLCFull Year Results
Destiny Pharma PLCFull Year Results
easyJet PLCTrading Statement
JD Sports Fashion PLCFull Year Results
Liontrust Asset ManagementTrading Statement
M Winkworth PLCFull Year Results
Microlise Group PLC18-Month Results
Moneysupermarket.com Group PLCTrading Statement
Nanoco Group PLCHalf Year Results
Pennon Group PLCTrading Statement
Wednesday 13 April 
Distribution Finance Capital Holdings PLCFull Year Results
Pagegroup PLCQ1 Results
Petropavlovsk PLCFull Year Results
PZ Cussons PLCQ3 Results
Tesco PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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1 Apr 2022 12:11

IN BRIEF: PZ Cussons CEO buys GBP100,000 in shares

PZ Cussons PLC - Manchester-based personal and home care and beauty products - Charmian Myers, an associate of Chief Executive Officer Jonathan Myers, buys 51,175 shares at GBP1.96, worth GBP100,252, on Wednesday.

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31 Mar 2022 15:11

UK dividends calendar - next 7 days

Friday 1 April 
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FW Thorpe PLCdividend payment date
FW Thorpe PLCspecial dividend payment date
Hargreaves Lansdown PLCdividend payment date
Persimmon PLCdividend payment date
TOC Property Backed Lending Trust PLCdividend payment date
Warehouse REIT PLCdividend payment date
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Apax Global Alpha Ltddividend payment date
MJ Gleeson PLCdividend payment date
Tuesday 5 April 
Barclays PLCdividend payment date
Pennon Group PLCdividend payment date
Wednesday 6 April 
Alumasc Group PLCdividend payment date
Appreciate Group PLCdividend payment date
Wilmington PLCdividend payment date
Thursday 7 April 
abrdn PLCex-dividend date
abrdn Smaller Companies Income Trust PLCex-dividend date
Aviva PLCex-dividend date
Barratt Developments PLCex-dividend date
BMO Private Equity Trust PLCex-dividend date
BMO UK High Income Trust PLCex-dividend date
Chelverton UK Dividend Trust PLCex-dividend date
Chesnara PLCex-dividend date
Dechra Pharmaceuticals PLCdividend payment date
DFS Furniture PLCspecial ex-dividend date
DFS Furniture PLCex-dividend date
Diageo PLCdividend payment date
Direct Line Insurance Group PLCex-dividend date
Domino's Pizza Group PLCex-dividend date
DS Smith PLCdividend payment date
Dunedin Enterprise Investment Trust PLCex-dividend date
European Assets Trust PLCex-dividend date
F&C Investment Trust PLCex-dividend date
Fevertree Drinks PLCspecial ex-dividend date
Fevertree Drinks PLCex-dividend date
GlaxoSmithKline PLCdividend payment date
Harbour Energy PLCex-dividend date
Henderson EuroTrust PLCex-dividend date
Henderson High Income Trust PLCex-dividend date
Howden Joinery Group PLCex-dividend date
IMI PLCex-dividend date
International Personal Finance PLCex-dividend date
International Public Partnerships Ltdex-dividend date
Invesco Asia Trust PLCex-dividend date
Land Securities Group PLCdividend payment date
Lloyds Banking Group PLCex-dividend date
Man Group PLCex-dividend date
Martin Currie Global Portfolio Trust PLCex-dividend date
Melrose Industries PLCex-dividend date
Mondi PLCex-dividend date
Murray International Trust PLCex-dividend date
Northamber PLCex-dividend date
PZ Cussons PLCdividend payment date
Quilter PLCex-dividend date
Rentokil Initial PLCex-dividend date
Rotork PLCex-dividend date
Safestore Holdings PLCdividend payment date
Savills PLCspecial ex-dividend date
Savills PLCex-dividend date
Schroder Income Growth Fund PLCex-dividend date
Scottish Investment Trust PLCex-dividend date
Shires Income PLCex-dividend date
Smiths Group PLCex-dividend date
Softcat PLCex-dividend date
TP ICAP Group PLCex-dividend date
Troy Income & Growth Trust PLCex-dividend date
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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21 Mar 2022 08:27

PZ Cussons acquires personal care firm Childs Farm for GBP37 million

(Alliance News) - PZ Cussons PLC on Monday said it has acquired Basingstoke, England-based baby and child personal care brand Childs Farm for GBP36.8 million in cash.

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21 Mar 2022 07:53

LONDON MARKET PRE-OPEN: Plus500 enters Japan; Photo-Me enters profit

(Alliance News) - Stock prices in London are seen opening slightly lower on Monday tracking a fall in Asian equity markets, as investors continue to monitor the conflict in Ukraine.

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21 Mar 2022 07:05

Cussons buys Childs Farm for £36.8m

(Sharecast News) - Consumer products giant PZ Cussons said it had bought UK baby and child personal care company Childs Farm for £36.8m in cash.

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