Berenberg Bank Raises Croda International Plc (CRDA) Price Target to GBX 3,650
Croda International Plc (LON:CRDA) had its price objective boosted by analysts at Berenberg Bank from GBX 3,150 ($38.39) to GBX 3,650 ($44.49) in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 1.05% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Societe Generale reaffirmed a “buy” rating and issued a GBX 3,300 ($40.22) price target on shares of Croda International Plc in a research note on Thursday, June 30th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 3,400 ($41.44) price target on shares of Croda International Plc in a research note on Wednesday, July 27th. Numis Securities Ltd upped their price target on Croda International Plc from GBX 3,236 ($39.44) to GBX 3,419 ($41.67) and gave the stock a “hold” rating in a research note on Monday, August 1st. Citigroup Inc. reaffirmed a “sell” rating on shares of Croda International Plc in a research note on Wednesday, July 27th. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a GBX 3,000 ($36.56) price target on shares of Croda International Plc in a research note on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 3,327.14 ($40.55).
Shares of Croda International Plc (LON:CRDA) opened at 3612.00 on Wednesday. The stock’s 50 day moving average price is GBX 3,447.97 and its 200-day moving average price is GBX 3,212.89. Croda International Plc has a 1-year low of GBX 2,635.00 and a 1-year high of GBX 3,721.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/berenberg-bank-raises-croda-international-plc-crda-price-target-to-gbx-3650.html
The company also recently announced a dividend, which was paid on Tuesday, October 4th. Shareholders of record on Thursday, September 8th were issued a GBX 32.75 ($0.40) dividend. This represents a yield of 0.99%. The ex-dividend date of this dividend was Thursday, September 8th.
Croda International Plc Company Profile
Croda International Plc is engaged in creating, making and selling specialty chemicals. The Company’s segments include Personal Care, Life Sciences, Performance Technologies and Industrial Chemicals. The Personal Care segment focuses on ingredients for skin, hair, sun and color cosmetic products. Its portfolio includes anti-ageing ingredients for skin, conditioning agents for hair care and metal oxides for ultraviolet (UV) filters.
Receive News & Ratings for Croda International Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Croda International Plc and related companies with MarketBeat.com's FREE daily email newsletter.