Clarkson (LON:CKN) Reaches New 52-Week High – Time to Buy?

Clarkson PLC (LON:CKN) hit a new 52-week high on Monday . The company traded as high as GBX 4,675 and last traded at GBX 4,670, with a volume of 705098 shares. The stock had previously closed at GBX 4,635.72.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CKN. Berenberg Bank increased their price target on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Canaccord Genuity Group upped their price objective on 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 4,512.50.

Clarkson Trading Up 0.7%

The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. The firm has a fifty day simple moving average of GBX 4,200.88 and a two-hundred day simple moving average of GBX 3,826.36. The firm has a market capitalization of £1.44 billion, a P/E ratio of 19.16 and a beta of 0.89.

Clarkson (LON:CKN) last issued its quarterly earnings results on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. On average, equities research analysts anticipate that Clarkson PLC 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.