Canaccord Genuity Group Reaffirms Hold Rating for Clarkson (LON:CKN)

Clarkson (LON:CKN)‘s stock had its “hold” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report released on Thursday, MarketBeat Ratings reports. They presently have a GBX 4,400 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential downside of 3.19% from the company’s current price.

Separately, Berenberg Bank upped their target price on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,712.50.

Clarkson Stock Performance

Shares of CKN stock opened at GBX 4,545 on Thursday. The business’s fifty day simple moving average is GBX 4,266.48 and its 200-day simple moving average is GBX 3,860.14. The company has a market cap of £1.40 billion, a PE ratio of 18.64 and a beta of 0.89. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66. Clarkson has a 12-month low of GBX 2,630 and a 12-month high of GBX 4,780.

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. Analysts expect that Clarkson will post 283.011583 earnings per share for the current fiscal year.

Insider Transactions at Clarkson

In related news, insider Constantin Cotzias purchased 1,097 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of GBX 4,624 per share, with a total value of £50,725.28. Insiders own 5.57% of the company’s stock.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.