Croda International (LON:CRDA) Given New GBX 3,300 Price Target at Citigroup

Croda International (LON:CRDA) had its price target cut by Citigroup from GBX 3,550 ($47.61) to GBX 3,300 ($44.26) in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 3,800 ($50.97) target price on shares of Croda International in a research report on Thursday, April 24th.

Croda International Price Performance

Shares of CRDA stock opened at GBX 3,012.04 ($40.40) on Tuesday. Croda International has a 12-month low of GBX 2,551 ($34.21) and a 12-month high of GBX 4,932 ($66.15). The firm has a market capitalization of £4.21 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. The company has a quick ratio of 2.25, a current ratio of 2.72 and a debt-to-equity ratio of 30.90. The firm has a fifty day moving average of GBX 2,954.22 and a 200-day moving average of GBX 3,277.40.

Croda International (LON:CRDA) last released its quarterly earnings results on Tuesday, February 25th. The company reported GBX 142.60 ($1.91) earnings per share (EPS) for the quarter. Croda International had a return on equity of 6.96% and a net margin of 9.98%. On average, equities research analysts forecast that Croda International will post 181.8307268 earnings per share for the current year.

Croda International Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, April 10th will be paid a GBX 63 ($0.84) dividend. This represents a yield of 2.03%. This is an increase from Croda International’s previous dividend of $47.00. The ex-dividend date is Thursday, April 10th. Croda International’s dividend payout ratio (DPR) is currently 93.66%.

Insider Buying and Selling at Croda International

In other news, insider Tom Brophy sold 380 shares of Croda International stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 2,643 ($35.45), for a total transaction of £10,043.40 ($13,470.23). Also, insider Steve Foots sold 3,249 shares of Croda International stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of GBX 2,909 ($39.02), for a total value of £94,513.41 ($126,761.55). Insiders purchased a total of 570 shares of company stock worth $1,787,575 over the last ninety days. 0.93% of the stock is currently owned by corporate insiders.

Croda International Company Profile

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world.