Clarkson (CKN) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Clarkson (LON:CKN) to a neutral rating in a research note issued to investors on Tuesday morning. The firm currently has GBX 2,876 ($37.58) price objective on the stock, down from their prior price objective of GBX 3,723 ($48.65).

Separately, Liberum Capital raised shares of Clarkson to a buy rating and set a GBX 3,200 ($41.81) price target on the stock in a report on Monday, August 13th.

LON CKN opened at GBX 2,620 ($34.23) on Tuesday. Clarkson has a 1 year low of GBX 2,454 ($32.07) and a 1 year high of GBX 3,475 ($45.41).

The business also recently declared a dividend, which was paid on Friday, September 21st. Stockholders of record on Thursday, September 6th were issued a GBX 24 ($0.31) dividend. This represents a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, September 6th.

In other news, insider Birger Nergaard sold 58,353 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of GBX 2,750 ($35.93), for a total value of £1,604,707.50 ($2,096,834.57).

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners 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 arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts.

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