Clarkson (LON:CKN) Hits New 52-Week Low – What’s Next?

Clarkson PLC (LON:CKN)’s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 3,360 ($43.26) and last traded at GBX 3,445 ($44.35), with a volume of 390358 shares changing hands. The stock had previously closed at GBX 3,455 ($44.48).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 4,500 ($57.94) target price on shares of Clarkson in a report on Tuesday, January 14th.

Clarkson Trading Up 0.2 %

The company’s 50 day simple moving average is GBX 4,258.80 and its 200 day simple moving average is GBX 3,922. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 12.88 and a beta of 1.12. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69.

Clarkson (LON:CKN) last posted its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.69) EPS for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. As a group, research analysts expect that Clarkson PLC will post 283.011583 earnings per share for the current fiscal 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.