Croda International (LON:CRDA) Sets New 1-Year High – Here’s What Happened

Croda International Plc (LON:CRDA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,346 and last traded at GBX 3,318.43, with a volume of 65086152 shares. The stock had previously closed at GBX 3,242.

Analysts Set New Price Targets

CRDA has been the topic of a number of recent research reports. Citigroup upped their target price on Croda International from GBX 3,050 to GBX 3,200 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Berenberg Bank reissued a “buy” rating and set a GBX 3,600 price target on shares of Croda International in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 3,300 price objective on shares of Croda International in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,500 price objective on shares of Croda International in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,390.

Croda International Price Performance

The firm has a 50-day simple moving average of GBX 3,021.12 and a two-hundred day simple moving average of GBX 2,919.83. The company has a market capitalization of £4.59 billion, a price-to-earnings ratio of 74.25, a P/E/G ratio of 1.40 and a beta of 0.92. The company has a current ratio of 2.57, a quick ratio of 2.25 and a debt-to-equity ratio of 36.06.

Croda International (LON:CRDA) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 72.20 earnings per share (EPS) for the quarter. Croda International had a return on equity of 3.65% and a net margin of 4.61%. As a group, analysts predict that Croda International Plc will post 181.8307268 earnings per share for the current fiscal year.

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.