Clarkson (LON:CKN) Price Target Raised to GBX 5,300

Clarkson (LON:CKN) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 4,950 to GBX 5,300 in a report released on Tuesday morning,Digital Look reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on CKN. Canaccord Genuity Group raised shares of Clarkson to a “hold” rating and increased their price target for the company from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Berenberg Bank upped their price objective on shares of Clarkson from GBX 5,250 to GBX 5,925 and gave the company a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 5,031.25.

Clarkson Stock Down 0.2%

Shares of LON:CKN opened at GBX 4,987.71 on Tuesday. The stock has a market capitalization of £1.53 billion, a P/E ratio of 19.92 and a beta of 0.70. The stock’s 50-day moving average price is GBX 4,602.37 and its 200-day moving average price is GBX 4,550.38. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 10.87. Clarkson has a 12-month low of GBX 3,365 and a 12-month high of GBX 5,485.

Clarkson (LON:CKN) last released its earnings results on Monday, August 3rd. The company reported GBX 147.60 earnings per share for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. On average, equities analysts anticipate that Clarkson will post 283.011583 earnings per share for the current year.

Insider Transactions at Clarkson

In other news, insider Constantin Cotzias bought 1,127 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of GBX 4,412 per share, with a total value of £49,723.24. Also, insider Jeff Woyda sold 60,000 shares of Clarkson stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of GBX 4,778, for a total value of £2,866,800. Insiders own 5.37% of the company’s stock.

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. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.