Clarkson (LON:CKN) Stock Price Target Raised at Berenberg Bank

Clarkson (LON:CKN) had its price target increased by Berenberg Bank from GBX 5,925 to GBX 6,025 in a research report sent to investors on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Clarkson currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,056.25.

Clarkson Stock Performance

Clarkson stock opened at GBX 5,160 on Wednesday. The firm has a 50 day simple moving average of GBX 5,022.43 and a 200-day simple moving average of GBX 4,784.78. The stock has a market cap of £1.59 billion, a price-to-earnings ratio of 20.61 and a beta of 0.70. The company has a debt-to-equity ratio of 10.87, a current ratio of 1.69 and a quick ratio of 1.69. Clarkson has a 1-year low of GBX 3,365 and a 1-year high of GBX 5,485.

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 return on equity of 14.50% and a net margin of 10.40%. On average, analysts expect that Clarkson will post 283.011583 EPS for the current 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. 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.