Clarkson (LON:CKN) Price Target Raised to GBX 2,963

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Clarkson (LON:CKN) had its price target upped by JPMorgan Chase & Co. from GBX 2,787 ($36.42) to GBX 2,963 ($38.72) in a report released on Tuesday morning, Digital Look reports. The brokerage currently has an overweight rating on the stock.

Separately, Liberum Capital reaffirmed a buy rating on shares of Clarkson in a research note on Monday.

CKN stock opened at GBX 2,355 ($30.77) on Tuesday. Clarkson has a one year low of GBX 1,834 ($23.96) and a one year high of GBX 2,915 ($38.09). The firm has a market capitalization of $714.16 million and a PE ratio of 23.88. The firm has a 50-day moving average of GBX 2,553.20 and a two-hundred day moving average of GBX 2,462.42.

The business also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, September 5th will be given a GBX 25 ($0.33) dividend. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 5th. Clarkson’s dividend payout ratio (DPR) is 1.03%.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners 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 arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts.

Further Reading: Price-Sales Ratio

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