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

Clarkson (LON:CKN)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research note issued on Thursday, Digital Look reports. They currently have a GBX 5,550 price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 5.82% from the stock’s current price.

A number of other research firms also recently issued reports on CKN. Berenberg Bank increased their price objective on Clarkson from GBX 5,925 to GBX 6,025 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Clarkson from GBX 4,950 to GBX 5,300 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Clarkson presently has an average rating of “Buy” and a consensus target price of GBX 5,281.25.

Clarkson Stock Up 0.8%

LON CKN traded up GBX 40 on Thursday, reaching GBX 5,245. The company had a trading volume of 39,468 shares, compared to its average volume of 259,201. The company’s fifty day moving average is GBX 5,056.04 and its 200-day moving average is GBX 4,810.41. The firm has a market capitalization of £1.61 billion, a price-to-earnings ratio of 20.95 and a beta of 0.70. The company has a debt-to-equity ratio of 10.87, a quick ratio of 1.69 and a current 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 results 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 forecast 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.