Clarkson (LON:CKN) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Clarkson (LON:CKN) had its price target lifted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 4,850 to GBX 4,950 in a report issued on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 8.91% from the stock’s previous close.

Several other equities analysts also recently issued reports on CKN. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 4,400 price objective on shares of Clarkson in a report on Thursday. Berenberg Bank boosted their target price on shares of Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,712.50.

Clarkson Trading Down 0.7%

Shares of CKN stock opened at GBX 4,545 on Thursday. Clarkson has a 1-year low of GBX 2,630 and a 1-year high of GBX 4,780. The company has a market cap of £1.40 billion, a price-to-earnings ratio of 18.64 and a beta of 0.89. The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. The stock has a 50 day simple moving average of GBX 4,266.48 and a 200-day simple moving average of GBX 3,860.14.

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

Insider Activity at Clarkson

In other news, insider Constantin Cotzias purchased 1,097 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average cost of GBX 4,624 per share, for a total transaction of £50,725.28. Insiders own 5.57% of the company’s stock.

About Clarkson

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.