Clarkson’s (CKN) Buy Rating Reaffirmed at Canaccord Genuity Group

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

A number of other brokerages have also recently commented on CKN. Berenberg Bank raised their target price on 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 boosted 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 note on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 5,281.25.

Clarkson Trading Up 1.2%

Shares of CKN traded up GBX 60 during midday trading on Thursday, hitting GBX 5,265. 2,246,181 shares of the stock were exchanged, compared to its average volume of 270,235. Clarkson has a 52-week low of GBX 3,365 and a 52-week high of GBX 5,485. The company has a debt-to-equity ratio of 10.87, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a fifty day simple moving average of GBX 5,056.04 and a 200 day simple moving average of GBX 4,810.41. The firm has a market cap of £1.62 billion, a P/E ratio of 21.03 and a beta of 0.70.

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