Clarkson (LON:CKN) Reaches New 1-Year High – What’s Next?

Shares of Clarkson PLC (LON:CKN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 4,675 and last traded at GBX 4,670, with a volume of 705098 shares traded. The stock had previously closed at GBX 4,635.72.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Canaccord Genuity Group boosted their target price on Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a research report on Monday, January 12th. Berenberg Bank boosted their price objective on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a report on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 4,512.50.

Clarkson Stock Performance

The company has a 50-day moving average of GBX 4,200.88 and a 200-day moving average of GBX 3,826.36. The company has a market cap of £1.44 billion, a PE ratio of 19.16 and a beta of 0.89. The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 10.66.

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 earnings per share for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. As a group, analysts anticipate that Clarkson PLC will post 283.011583 earnings per share for the current year.

Clarkson Company Profile

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.