Croda International (LON:CRDA) Reaches New 12-Month High – Still a Buy?

Croda International Plc (LON:CRDA) hit a new 52-week high during trading on Monday. The stock traded as high as GBX 3,662 and last traded at GBX 3,657, with a volume of 239,856 shares traded. The stock had previously closed at GBX 3,636.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRDA. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 3,300 target price on shares of Croda International in a report on Wednesday, July 29th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,600 target price on shares of Croda International in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,000 price target on shares of Croda International in a research report on Friday, September 25th. Finally, Citigroup boosted their target price on Croda International from GBX 3,050 to GBX 3,200 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,490.

Croda International Stock Performance

The company has a quick ratio of 2.25, a current ratio of 2.57 and a debt-to-equity ratio of 36.06. The stock’s fifty day moving average is GBX 3,352.96 and its two-hundred day moving average is GBX 3,122.35. The firm has a market capitalization of £5.10 billion, a price-to-earnings ratio of 64.27, a P/E/G ratio of 1.40 and a beta of 0.92.

Croda International (LON:CRDA) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 72.20 earnings per share for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. On average, analysts predict that Croda International Plc will post 181.83 earnings per share for the current year.

Insider Buying and Selling at Croda International

In other news, insider Stephen Oxley sold 1,339 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total transaction of £43,035.46. Over the last 90 days, insiders acquired 34 shares of company stock valued at $113,072. Company insiders own 0.84% of the company’s stock.

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.