Morgan Stanley Upgrades Croda International (LON:CRDA) to “Overweight”

Croda International (LON:CRDA) was upgraded by stock analysts at Morgan Stanley to an “overweight” rating in a research note issued on Wednesday, MarketBeat reports. The brokerage presently has a GBX 3,350 target price on the stock, up from their previous target price of GBX 3,280. Morgan Stanley’s target price points to a potential upside of 18.37% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,140.

Croda International Price Performance

LON CRDA opened at GBX 2,830 on Wednesday. The company has a market cap of £3.95 billion, a PE ratio of 63.74, a P/E/G ratio of 1.40 and a beta of 0.96. The firm’s 50 day moving average price is GBX 2,844.67 and its 200-day moving average price is GBX 2,779.97. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.25 and a current ratio of 1.99. Croda International has a 52-week low of GBX 2,426.77 and a 52-week high of GBX 3,312.

Croda International (LON:CRDA) last issued its quarterly earnings data on Tuesday, February 24th. The company reported GBX 146.20 EPS for the quarter. Croda International had a net margin of 3.65% and a return on equity of 2.82%. Sell-side analysts forecast that Croda International will post 181.8307268 EPS for the current fiscal year.

Insider Transactions at Croda International

In other news, insider Danuta Gray acquired 750 shares of Croda International stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of GBX 2,788 per share, for a total transaction of £20,910. Also, insider Tom Brophy sold 1,020 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of GBX 2,652, for a total transaction of £27,050.40. Insiders have bought a total of 766 shares of company stock valued at $2,136,858 in the last 90 days. Insiders own 0.83% of the company’s stock.

About Croda International

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. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.