Clarkson (LON:CKN) Price Target Cut to GBX 4,000 by Analysts at Canaccord Genuity Group

Clarkson (LON:CKN) had its target price cut by research analysts at Canaccord Genuity Group from GBX 4,500 ($58.26) to GBX 4,000 ($51.79) in a research report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 11.89% from the company’s current price.

Separately, Berenberg Bank dropped their price target on shares of Clarkson from GBX 5,075 ($65.70) to GBX 4,800 ($62.14) and set a “buy” rating on the stock in a research note on Tuesday.

Clarkson Stock Up 2.6 %

Shares of Clarkson stock traded up GBX 90 ($1.17) on Wednesday, reaching GBX 3,575 ($46.28). 141,868 shares of the company were exchanged, compared to its average volume of 414,057. The stock’s 50 day moving average price is GBX 4,249.70 and its 200-day moving average price is GBX 3,919.43. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. Clarkson has a 1-year low of GBX 3,345 ($43.31) and a 1-year high of GBX 4,675 ($60.53). The company has a market cap of £1.10 billion, a P/E ratio of 13.30 and a beta of 1.12.

Clarkson (LON:CKN) last announced its quarterly earnings data on Monday, March 10th. The company reported GBX 286.90 ($3.71) EPS for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. As a group, equities analysts forecast that Clarkson will post 283.011583 EPS for the current year.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.