Barclays Upgrades Croda International to “Equal Weight” (CRDA)
Croda International (LON:CRDA) was upgraded by equities research analysts at Barclays to an “equal weight” rating in a research note issued to investors on Thursday, American Banking News.com reports. The firm currently has a GBX 2,600 ($42.68) target price on the stock. Barclays’ target price suggests a potential upside of 6.56% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at HSBC upgraded shares of Croda International to an “overweight” rating in a research note to investors on Wednesday. They now have a GBX 2,800 ($45.96) price target on the stock, up previously from GBX 2,700 ($44.32). Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Croda International in a research note to investors on Tuesday. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,614.20 ($42.91).
Croda International (LON:CRDA) traded down 0.12% during mid-day trading on Thursday, hitting GBX 2440.00. The stock had a trading volume of 236,647 shares. Croda International has a 1-year low of GBX 2205.00 and a 1-year high of GBX 2846.00. The stock’s 50-day moving average is GBX 2381. and its 200-day moving average is GBX 2497.. The company’s market cap is £3.296 billion.
Croda International Plc is a marketing and technology company that produces and sells speciality chemicals.
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