Croda International Plc Price Target Cut to GBX 2,300 by Analysts at Jefferies Group (CRDA)
Jefferies Group cut their price objective on shares of Croda International Plc (LON:CRDA) from GBX 2,420 ($41.35) to GBX 2,300 ($39.30) in a research note issued on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price indicates a potential upside of 7.03% from the company’s current price.
Croda International Plc (LON:CRDA) traded up 0.28% during mid-day trading on Wednesday, hitting GBX 2149.00. The stock had a trading volume of 413,892 shares. 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 2292.35 and a 200-day moving average of GBX 2441.. The company’s market cap is £2.912 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 29.50 ($0.50) per share. This represents a dividend yield of 1.36%. The ex-dividend date is Wednesday, August 27th.
A number of other firms have also recently commented on CRDA. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Croda International Plc in a research note on Tuesday. They now have a GBX 2,350 ($40.16) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Croda International Plc in a research note on Tuesday. They now have a GBX 2,500 ($42.72) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Croda International Plc in a research note on Tuesday. They now have a GBX 1,950 ($33.32) price target on the stock. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Croda International Plc presently has an average rating of “Hold” and a consensus price target of GBX 2,435.18 ($41.61).
Croda International Plc is a marketing and technology company that produces and sells speciality chemicals.
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