Deutsche Bank AG Lowers Croda International Plc (CRDA) to Buy
Croda International Plc (LON:CRDA) was downgraded by investment analysts at Deutsche Bank AG to a “buy” rating in a note issued to investors on Wednesday. They presently have a GBX 3,300 ($40.94) target price on the stock, down from their prior target price of GBX 3,600 ($44.66). Deutsche Bank AG’s price objective would suggest a potential upside of 0.55% from the company’s previous close.
Several other brokerages have also recently issued reports on CRDA. Credit Suisse Group AG upped their price target on shares of Croda International Plc from GBX 3,200 ($39.70) to GBX 3,500 ($43.42) and gave the company an “outperform” rating in a research report on Thursday, October 13th. BNP Paribas restated an “underperform” rating and issued a GBX 3,000 ($37.22) price target on shares of Croda International Plc in a research report on Wednesday, October 5th. Berenberg Bank upped their price target on shares of Croda International Plc from GBX 3,150 ($39.08) to GBX 3,650 ($45.28) and gave the company a “hold” rating in a research report on Wednesday, October 19th. Numis Securities Ltd restated a “hold” rating and issued a GBX 3,419 ($42.41) price target on shares of Croda International Plc in a research report on Monday, October 24th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 3,500 ($43.42) price target on shares of Croda International Plc in a research report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Croda International Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 3,370.93 ($41.82).
Shares of Croda International Plc (LON:CRDA) opened at 3273.00 on Wednesday. The company has a 50 day moving average of GBX 3,394.14 and a 200-day moving average of GBX 3,258.67. Croda International Plc has a one year low of GBX 2,635.00 and a one year high of GBX 3,721.00.
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About Croda International Plc
Croda International Plc is engaged in creating, making and selling specialty chemicals. The Company’s segments include Personal Care, Life Sciences, Performance Technologies and Industrial Chemicals. The Personal Care segment focuses on ingredients for skin, hair, sun and color cosmetic products. Its portfolio includes anti-ageing ingredients for skin, conditioning agents for hair care and metal oxides for ultraviolet (UV) filters.
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