Clarkson (LON:CKN) Price Target Lowered to GBX 4,000 at Canaccord Genuity Group

Clarkson (LON:CKN) had its target price trimmed by Canaccord Genuity Group from GBX 4,500 ($58.36) to GBX 4,000 ($51.87) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Separately, Berenberg Bank reduced their price objective on Clarkson from GBX 5,075 ($65.82) to GBX 4,800 ($62.25) and set a “buy” rating for the company in a research note on Tuesday.

Clarkson Stock Up 3.6 %

Shares of LON CKN opened at GBX 3,610 ($46.82) on Wednesday. The business has a 50-day moving average price of GBX 4,242.80 and a 200 day moving average price of GBX 3,917.26. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. The stock has a market cap of £1.11 billion, a PE ratio of 13.43 and a beta of 1.12. Clarkson has a 52-week low of GBX 3,345 ($43.38) and a 52-week high of GBX 4,675 ($60.63).

Clarkson (LON:CKN) last posted its quarterly earnings data on Monday, March 10th. The company reported GBX 286.90 ($3.72) EPS for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. Equities research analysts forecast that Clarkson will post 283.011583 earnings per share for the current year.

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.