Canaccord Genuity Reaffirms Sell Rating for Croda International Plc (CRDA)
Croda International Plc (LON:CRDA)‘s stock had its “sell” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Wednesday. They currently have a GBX 1,950 ($32.36) price objective on the stock. Canaccord Genuity’s target price would suggest a potential downside of 11.52% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Croda International Plc in a research note on Monday. They now have a GBX 2,250 ($37.34) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Croda International Plc in a research note on Tuesday, August 26th. They now have a GBX 2,820 ($46.80) price target on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Croda International Plc in a research note on Monday, August 4th. They now have a GBX 2,000 ($33.19) price target on the stock. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Croda International Plc presently has an average rating of “Hold” and a consensus price target of GBX 2,435.18 ($40.41).
Shares of Croda International Plc (LON:CRDA) opened at 2218.00 on Wednesday. Croda International Plc has a one year low of GBX 2076.00 and a one year high of GBX 2761.00. The stock’s 50-day moving average is GBX 2180. and its 200-day moving average is GBX 2397.92. The company’s market cap is £3.005 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 ($0.49) per share. This represents a dividend yield of 1.36%. The ex-dividend date is Wednesday, August 27th.
Croda International Plc is a marketing and technology company that produces and sells speciality chemicals.
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