Clarkson (LON:CKN) Earns Buy Rating from Canaccord Genuity Group

Clarkson (LON:CKN)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a report released on Thursday, Digital Look reports. They currently have a GBX 5,550 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 4.32% from the company’s current price.

CKN has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised their target price on Clarkson from GBX 4,950 to GBX 5,300 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Berenberg Bank upped their price target on shares of Clarkson from GBX 5,925 to GBX 6,025 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Clarkson has a consensus rating of “Buy” and an average price target of GBX 5,281.25.

Clarkson Stock Up 1.0%

LON CKN opened at GBX 5,320 on Thursday. The stock’s 50 day simple moving average is GBX 5,071.19 and its 200 day simple moving average is GBX 4,818.80. Clarkson has a one year low of GBX 3,365 and a one year high of GBX 5,485. The firm has a market cap of £1.63 billion, a PE ratio of 21.25 and a beta of 0.70. The company has a debt-to-equity ratio of 10.87, a current ratio of 1.69 and a quick ratio of 1.69.

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 earnings per share (EPS) for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. As a group, sell-side analysts forecast that Clarkson will post 283.01 earnings per share for the current fiscal 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. 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.