Clarkson (LON:CKN) Stock Rating Reaffirmed as “Buy” by Canaccord Genuity Group

Clarkson (LON:CKN)‘s stock had its “buy” rating restated by Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 5,550 price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 6.68% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Berenberg Bank lifted their target price on shares of Clarkson from GBX 5,925 to GBX 6,025 and gave the company a “buy” rating in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 5,281.25.

Clarkson Trading Down 0.1%

Shares of CKN stock opened at GBX 5,202.30 on Thursday. The stock has a market cap of £1.60 billion, a price-to-earnings ratio of 20.78 and a beta of 0.70. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 10.87. Clarkson has a fifty-two week low of GBX 3,365 and a fifty-two week high of GBX 5,485. The firm’s 50 day moving average price is GBX 5,056.04 and its two-hundred day moving average price is GBX 4,810.41.

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