Clarkson’s (CKN) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Clarkson (LON:CKN) in a report issued on Thursday,Digital Look reports. The firm currently has a GBX 5,550 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank lifted their price target on shares of Clarkson from GBX 5,925 to GBX 6,025 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 5,281.25.

Clarkson Stock Up 1.0%

Shares of CKN opened at GBX 5,320 on Thursday. 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. The stock’s 50 day moving average is GBX 5,071.19 and its two-hundred day moving average is GBX 4,818.80. The firm has a market cap of £1.63 billion, a P/E ratio of 21.25 and a beta of 0.70.

Clarkson (LON:CKN) last posted its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. Analysts predict 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.