Clarkson (LON:CKN) Earns “Buy” Rating from Canaccord Genuity Group

Clarkson (LON:CKN)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 5,550 price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 5.41% from the company’s previous close.

A number of other brokerages have also commented on CKN. Deutsche Bank Aktiengesellschaft raised their price target on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Berenberg Bank boosted their price objective on shares of Clarkson from GBX 5,925 to GBX 6,025 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 5,281.25.

Clarkson Trading Up 1.2%

CKN traded up GBX 60 during midday trading on Thursday, reaching GBX 5,265. 2,246,181 shares of the company’s stock traded hands, compared to its average volume of 270,235. The firm has a fifty day moving average of GBX 5,056.04 and a two-hundred day moving average of GBX 4,810.41. The stock has a market capitalization of £1.62 billion, a price-to-earnings ratio of 21.03 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 52 week low of GBX 3,365 and a 52 week high of GBX 5,485.

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 earnings per share for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. On average, equities analysts anticipate that Clarkson will post 283.01 earnings per share for the current fiscal 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.