Clarkson (LON:CKN) Issues Quarterly Earnings Results

Clarkson (LON:CKN) issued its quarterly earnings results on Monday. The company reported GBX 225.80 earnings per share for the quarter, Digital Look Earnings reports. Clarkson had a return on equity of 15.29% and a net margin of 11.59%.

Clarkson Stock Performance

LON CKN opened at GBX 4,640 on Tuesday. The company has a fifty day moving average of GBX 4,138.19 and a 200-day moving average of GBX 3,798.27. Clarkson has a 52-week low of GBX 2,630 and a 52-week high of GBX 4,640. The company has a debt-to-equity ratio of 8.91, a quick ratio of 1.69 and a current ratio of 2.19. The company has a market capitalization of £1.43 billion, a P/E ratio of 19.03 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their target price on Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a research report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 4,262.50.

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.