Clarkson (LON:CKN) Sets New 12-Month Low – Here’s What Happened

Clarkson PLC (LON:CKN) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 3,003.11 ($38.37) and last traded at GBX 3,023.09 ($38.63), with a volume of 124505 shares. The stock had previously closed at GBX 3,200 ($40.89).

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CKN shares. Berenberg Bank reduced their price objective on shares of Clarkson from GBX 5,075 ($64.85) to GBX 4,800 ($61.33) and set a “buy” rating for the company in a research note on Tuesday, March 11th. Canaccord Genuity Group reduced their price target on Clarkson from GBX 4,500 ($57.50) to GBX 4,000 ($51.11) and set a “buy” rating for the company in a research report on Wednesday, March 12th.

Clarkson Price Performance

The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. The stock’s 50 day moving average price is GBX 3,963.46 and its two-hundred day moving average price is GBX 3,879.29. The firm has a market capitalization of £958.02 million, a price-to-earnings ratio of 11.57 and a beta of 1.12.

Clarkson (LON:CKN) last released its earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.67) earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. On average, equities research analysts anticipate that Clarkson PLC will post 283.011583 EPS for the current year.

Clarkson Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, May 8th will be paid a dividend of GBX 77 ($0.98) per share. This is an increase from Clarkson’s previous dividend of $32.00. The ex-dividend date of this dividend is Thursday, May 8th. This represents a yield of 2.19%. Clarkson’s dividend payout ratio is presently 38.70%.

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.