Clarkson (LON:CKN) Posts Quarterly Earnings Results

Clarkson (LON:CKN) issued its quarterly earnings results on Monday. The company reported GBX 225.80 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Clarkson had a net margin of 11.59% and a return on equity of 15.29%.

Clarkson Price Performance

CKN stock opened at GBX 4,640 on Tuesday. The company has a fifty day simple moving average of GBX 4,138.19 and a two-hundred day simple moving average of GBX 3,798.27. The company has a quick ratio of 1.69, a current ratio of 2.19 and a debt-to-equity ratio of 8.91. The firm has a market capitalization of £1.43 billion, a P/E ratio of 19.03 and a beta of 0.89. Clarkson has a 52 week low of GBX 2,630 and a 52 week high of GBX 4,640.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on shares of Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 4,262.50.

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.