Clarkson (LON:CKN) Stock Gets Price Target Increase from Berenberg Bank

Clarkson (LON:CKN) had its price target raised by investment analysts at Berenberg Bank from GBX 5,925 to GBX 6,025 in a research report issued on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 14.43% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 5,056.25.

Clarkson Stock Up 2.0%

Shares of CKN stock opened at GBX 5,265 on Wednesday. The firm has a fifty day moving average of GBX 5,033.48 and a 200-day moving average of GBX 4,789.85. The company has a quick ratio of 1.69, a current 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 company has a market capitalization of £1.62 billion, a price-to-earnings ratio of 21.03 and a beta of 0.70.

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a net margin of 10.40% and a return on equity of 14.50%. As a group, equities research analysts predict that Clarkson will post 283.011583 earnings per share for the current fiscal year.

About Clarkson

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.