Croda International (LON:CRDA) Stock Price Up 6.7% – What’s Next?

Croda International Plc (LON:CRDA)’s stock price traded up 6.7% during trading on Wednesday . The company traded as high as GBX 3,207 and last traded at GBX 3,121.99. 1,100,165 shares changed hands during trading, a decline of 82% from the average session volume of 6,049,810 shares. The stock had previously closed at GBX 2,926.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CRDA shares. Berenberg Bank boosted their price objective on shares of Croda International from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Croda International from GBX 3,000 to GBX 3,100 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Finally, Jefferies Financial Group cut Croda International to a “hold” rating and dropped their price objective for the company from GBX 3,100 to GBX 3,000 in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 3,112.50.

Croda International Stock Performance

The firm has a market cap of £4.44 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.40 and a beta of 0.74. The company has a debt-to-equity ratio of 30.90, a quick ratio of 2.25 and a current ratio of 2.72. The business’s 50-day simple moving average is GBX 2,751.88 and its 200 day simple moving average is GBX 2,709.24.

Croda International Company Profile

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.