Croda International (LON:CRDA) had its target price raised by Numis Securities from GBX 3,920 ($55.41) to GBX 4,300 ($60.78) in a research report report published on Friday. Numis Securities currently has a hold rating on the stock.
Several other research analysts have also weighed in on CRDA. Berenberg Bank increased their target price on shares of Croda International from GBX 5,000 ($70.67) to GBX 5,050 ($71.38) and gave the stock a buy rating in a research note on Thursday, March 1st. Morgan Stanley raised their price objective on shares of Croda International from GBX 4,550 ($64.31) to GBX 4,800 ($67.84) and gave the company an overweight rating in a research note on Friday, March 16th. Barclays raised their price objective on shares of Croda International from GBX 4,700 ($66.43) to GBX 4,900 ($69.26) and gave the company an overweight rating in a research note on Wednesday, February 28th. Jefferies Group lowered shares of Croda International to a hold rating and raised their price objective for the company from GBX 4,500 ($63.60) to GBX 4,700 ($66.43) in a research note on Thursday, January 4th. Finally, Liberum Capital reissued a hold rating and issued a GBX 4,500 ($63.60) price objective on shares of Croda International in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 4,515 ($63.82).
Shares of LON:CRDA opened at GBX 4,655 ($65.80) on Friday. Croda International has a fifty-two week low of GBX 3,461 ($48.92) and a fifty-two week high of GBX 4,668 ($65.98).
Croda International (LON:CRDA) last posted its quarterly earnings data on Tuesday, February 27th. The company reported GBX 179 ($2.53) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 173.50 ($2.45) by GBX 5.50 ($0.08). The company had revenue of GBX 137.31 billion during the quarter. Croda International had a net margin of 17.16% and a return on equity of 37.33%.
The company also recently announced a dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, April 19th will be issued a GBX 46 ($0.65) dividend. This is a boost from Croda International’s previous dividend of $35.00. The ex-dividend date is Thursday, April 19th. This represents a yield of 1%.
In related news, insider Steve Foots sold 21,181 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of GBX 4,434 ($62.67), for a total value of £939,165.54 ($1,327,442.46). In the last ninety days, insiders purchased 11 shares of company stock worth $49,842.
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About Croda International
Croda International Plc creates, makes, and sells specialty chemicals in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It operates in four segments: Personal Care, Life Sciences, Performance Technologies, and Industrial Chemicals. The company offers adhesives; crop protection additives and adjuvants, specialty additives for agricultural films, and seed enhancement and animal health chemicals; lubricant additives, specialty additives for plastics, coatings and polymers, advanced materials, and vehicle cleaning chemicals; and specialty ingredients for skin care, hair care, sun care, self-tanning, color cosmetics, body care, bath and shower, deodorants, anti-perspirants, depilatories, men's grooming, oral hygiene, and baby care applications.
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