Clarkson (LON:CKN) Price Target Cut to GBX 4,800 by Analysts at Berenberg Bank

Clarkson (LON:CKN) had its price objective decreased by Berenberg Bank from GBX 5,075 ($65.70) to GBX 4,800 ($62.14) in a research note released on Tuesday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 4,500 ($58.26) price target on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Stock Performance

Shares of CKN traded up GBX 85 ($1.10) during trading hours on Tuesday, reaching GBX 3,570 ($46.22). 139,634 shares of the company traded hands, compared to its average volume of 414,012. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. The business has a fifty day moving average price of GBX 4,249.70 and a 200-day moving average price of GBX 3,919.43. Clarkson has a 12-month low of GBX 3,345 ($43.31) and a 12-month high of GBX 4,675 ($60.53). The stock has a market capitalization of £1.10 billion, a P/E ratio of 13.28 and a beta of 1.12.

Clarkson (LON:CKN) last posted its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.71) earnings per share for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. Equities analysts anticipate that Clarkson will post 283.011583 EPS for the current fiscal year.

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.