Clarkson (CKN) Price Target Raised to GBX 3,600

Clarkson (LON:CKN) had its price target hoisted by analysts at Liberum Capital from GBX 3,300 ($45.59) to GBX 3,600 ($49.74) in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s price objective would indicate a potential upside of 7.62% from the stock’s current price.

Separately, JPMorgan Chase & Co. upped their price objective on shares of Clarkson from GBX 3,223 ($44.53) to GBX 3,427 ($47.35) and gave the company an “overweight” rating in a research note on Monday, January 8th.

Clarkson (CKN) traded up GBX 55 ($0.76) during midday trading on Monday, reaching GBX 3,345 ($46.21). 53,242 shares of the company’s stock traded hands, compared to its average volume of 22,807. Clarkson has a one year low of GBX 2,454 ($33.90) and a one year high of GBX 3,475 ($48.01). The firm has a market capitalization of $1,010.00 and a P/E ratio of 2,613.28.

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About Clarkson

Clarkson PLC is a United Kingdom-based company, which provides integrated shipping services. The Company’s segments include Broking, Financial, Support and Research. The Company’s Broking division represents services provided to ship owners and charterers in the transportation by sea of a range of cargoes.

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