Croda International Price Target Cut to GBX 2,800 (CRDA)
Investment analysts at Deutsche Bank decreased their price target on shares of Croda International (LON:CRDA) from GBX 2,850 ($46.11) to GBX 2,800 ($45.30) in a note issued to investors on Friday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 14.61% from the stock’s previous close.
Croda International (LON:CRDA) traded down 7.29% on Friday, hitting GBX 2443.00. 540,870 shares of the company’s stock traded hands. Croda International has a 52 week low of GBX 2130.00 and a 52 week high of GBX 2846.00. The stock has a 50-day moving average of GBX 2609. and a 200-day moving average of GBX 2549.. The company’s market cap is £3.300 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Croda International in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Croda International in a research note to investors on Thursday. They now have a GBX 2,000 ($32.36) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Croda International in a research note to investors on Thursday. They now have a GBX 3,000 ($48.54) price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 2,621.95 ($42.42).
Croda International Plc is a marketing and technology company that produces and sells speciality chemicals.
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