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

Clarkson (LON:CKN) had its price target lowered by analysts at Canaccord Genuity Group from GBX 4,500 ($58.26) to GBX 4,000 ($51.79) in a report issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 11.89% from the stock’s current price.

Separately, Berenberg Bank cut their target price on Clarkson from GBX 5,075 ($65.70) to GBX 4,800 ($62.14) and set a “buy” rating on the stock in a research report on Tuesday.

Clarkson Trading Up 2.6 %

Clarkson stock traded up GBX 90 ($1.17) during mid-day trading on Wednesday, hitting GBX 3,575 ($46.28). The company’s stock had a trading volume of 141,868 shares, compared to its average volume of 414,057. The stock’s fifty day moving average is GBX 4,249.70 and its two-hundred day moving average is GBX 3,919.43. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45. The firm has a market capitalization of £1.10 billion, a PE ratio of 13.30 and a beta of 1.12. Clarkson has a 1 year low of GBX 3,345 ($43.31) and a 1 year high of GBX 4,675 ($60.53).

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, March 10th. The company reported GBX 286.90 ($3.71) earnings per share (EPS) for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. On average, analysts anticipate that Clarkson will post 283.011583 EPS 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.