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

Clarkson PLC (LON:CKN) reached a new 52-week high on Monday . The stock traded as high as GBX 5,485 and last traded at GBX 5,300, with a volume of 560601 shares trading hands. The stock had previously closed at GBX 4,730.

Analysts Set New Price Targets

CKN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a research report on Tuesday. Canaccord Genuity Group upgraded Clarkson to a “hold” rating and raised their price objective for the stock from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Finally, Berenberg Bank raised their price objective on Clarkson from GBX 5,250 to GBX 5,925 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,031.25.

Clarkson Trading Up 0.3%

The company has a market cap of £1.56 billion, a price-to-earnings ratio of 20.33 and a beta of 0.70. The company has a debt-to-equity ratio of 10.66, a quick ratio of 1.69 and a current ratio of 1.78. The business’s 50 day moving average price is GBX 4,590.22 and its 200-day moving average price is GBX 4,538.13.

Clarkson (LON:CKN) last released its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a net margin of 10.41% and a return on equity of 12.93%. On average, research analysts forecast that Clarkson PLC will post 283.011583 EPS for the current year.

Insider Transactions at Clarkson

In other Clarkson news, insider Jeff Woyda sold 60,000 shares of Clarkson stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Also, insider Constantin Cotzias acquired 1,127 shares of the stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of GBX 4,412 per share, for a total transaction of £49,723.24. 5.37% of the stock is owned by company insiders.

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. 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.