Croda International Upgraded to Overweight at HSBC (CRDA)
Croda International (LON:CRDA) was upgraded by stock analysts at HSBC to an “overweight” rating in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a GBX 2,800 ($45.96) target price on the stock, up from their previous target price of GBX 2,700 ($44.32). HSBC’s price objective indicates a potential upside of 15.51% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Croda International in a research note to investors on Tuesday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Croda International in a research note to investors on Friday, January 17th. They now have a GBX 2,850 ($46.78) price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Croda International from GBX 2,500 ($41.04) to GBX 2,515 ($41.28) in a research note to investors on Friday, January 17th. They now have a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 2,614.20 ($42.91).
Shares of Croda International (LON:CRDA) opened at 2441.6799 on Wednesday. Croda International has a one year low of GBX 2205.00 and a one year high of GBX 2846.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £3.299 billion.
Croda International Plc is a marketing and technology company that produces and sells speciality chemicals.
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