Croda International Upgraded to “Outperform” at Credit Suisse (CRDA)
Croda International (LON:CRDA) was upgraded by Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued on Monday, Stock Ratings Network reports. The firm currently has a GBX 3,000 ($48.05) target price on the stock, up from their previous target price of GBX 2,600 ($41.65). Credit Suisse’s target price indicates a potential upside of 11.94% from the stock’s previous close.
Shares of Croda International (LON:CRDA) opened at 2719.00 on Monday. Croda International has a one year low of GBX 1998.05 and a one year high of GBX 2846.00. The stock’s 50-day moving average is GBX 2603.13 and its 200-day moving average is GBX 2569.31. The company’s market cap is £3.673 billion.
CRDA has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Croda International (LON:CRDA) in a research note to investors on Monday, September 9th. They now have a GBX 2,870 ($45.97) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Croda International (LON:CRDA) in a research note to investors on Thursday, September 5th. They now have a GBX 2,000 ($32.04) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Croda International (LON:CRDA) from GBX 2,820 ($45.17) to GBX 2,850 ($45.65) in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock.
Four investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,621.99 ($42.00).
Croda International Plc is a marketing and technology company that produces and sells speciality chemicals.
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