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Home / Support and Resistance / PZ Cussons (PZC.L) 25-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

PZ Cussons (PZC.L) 25-03-20

Will PZ Cussons (PZC.L) shares break resistance, or will it they fall back to the 161p support? (-22%)?

 

  • Now close to the 208p resistance. Currently trading at 207.91p (at time of writing).
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Will the share price decline once again to recent support of 161p? (-22%).
  • Technical traders should be mindful of breaking news. Check news outlets for updates, react accordingly.
  • Shares -8% from 12-month highs; +29% from 12 month lows.

Latest News

19 Mar:  PZ Cussons, the consumer products company, has said it will take on a new CEO, effective from May 1, 2020.  Jonathan Myers will take up the role as CEO, formerly of Avon Products.

18 Mar:   PZ Cussons announced it had reached a deal to sell Nutricima, its Nigerian dairy unit, to an affiliate of the dutch company, Royal FrieslandCampina. The price has not been disclosed.

29 Jan:  JP Morgan Cazenove reiterates its neutral rating on PZ Cussons (PZC) and reduced the target price to 190p (from 210p).

28 Jan:  PZ Cussons reported a decline in H1 profit due to tough trading conditions Nigeria, Australia and the UK.

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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