Croda International Plc Given “Buy” Rating at Goldman Sachs (CRDA)
Croda International Plc (LON:CRDA)‘s stock had its “buy” rating reaffirmed by stock analysts at Goldman Sachs in a report issued on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 3,030 ($50.39) target price on the stock. Goldman Sachs’ target price points to a potential upside of 20.00% from the stock’s previous close.
Croda International Plc (LON:CRDA) traded down 0.43% during mid-day trading on Wednesday, hitting GBX 2527.00. 331,562 shares of the company’s stock traded hands. Croda International Plc has a 52 week low of GBX 2205.00 and a 52 week high of GBX 2846.00. The stock’s 50-day moving average is GBX 2429.42 and its 200-day moving average is GBX 2483.. The company’s market cap is £3.414 billion.
The company also recently announced a dividend, which is scheduled for Friday, May 30th. Investors of record on Wednesday, April 30th will be paid a dividend of GBX 35.50 ($0.59) per share. This represents a dividend yield of 1.39%. The ex-dividend date is Wednesday, April 30th.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Croda International Plc from GBX 2,350 ($39.08) to GBX 2,400 ($39.91) in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Croda International Plc in a research note on Wednesday. They now have a GBX 2,600 ($43.24) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Croda International Plc in a research note on Wednesday. They now have a GBX 2,100 ($34.92) price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 2,672.62 ($44.45).
Croda International Plc is a marketing and technology company that produces and sells speciality chemicals.
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