Croda International Plc Downgraded by Barclays to “Underweight” (CRDA)
Croda International Plc (LON:CRDA) was downgraded by stock analysts at Barclays to an “underweight” rating in a report issued on Thursday. They currently have a GBX 2,100 ($35.95) price target on the stock, down from their previous price target of GBX 2,330 ($39.89). Barclays’ price target points to a potential downside of 6.42% from the company’s current price.
Croda International Plc (LON:CRDA) traded up 0.04% on Thursday, hitting GBX 2245.00. 395,062 shares of the company’s stock traded hands. Croda International Plc has a 52-week low of GBX 2095.00 and a 52-week high of GBX 2761.00. The stock has a 50-day moving average of GBX 2369.62 and a 200-day moving average of GBX 2454.56. The company’s market cap is £3.024 billion.
CRDA has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Croda International Plc in a research note on Thursday, July 10th. They now have a GBX 2,820 ($48.28) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Croda International Plc in a research note on Thursday, July 10th. They now have a GBX 2,450 ($41.94) price target on the stock, down previously from GBX 2,750 ($47.08). Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Croda International Plc in a research note on Wednesday, July 9th. They now have a GBX 2,420 ($41.43) price target on the stock. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 2,495.18 ($42.72).
Croda International Plc is a marketing and technology company that produces and sells speciality chemicals.
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