Canaccord Genuity Group Issues Positive Forecast for Clarkson (LON:CKN) Stock Price

Clarkson (LON:CKN) had its target price boosted by equities researchers at Canaccord Genuity Group from GBX 4,000 to GBX 4,400 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 6.80% from the company’s previous close.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 4,250 price target on shares of Clarkson in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Clarkson has a consensus rating of “Buy” and an average price target of GBX 4,262.50.

Clarkson Trading Down 1.1%

Shares of LON:CKN traded down GBX 45 during mid-day trading on Monday, hitting GBX 4,120. The company had a trading volume of 48,422 shares, compared to its average volume of 93,596. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. Clarkson has a one year low of GBX 2,630 and a one year high of GBX 4,535. The firm has a fifty day moving average price of GBX 3,726.52 and a 200 day moving average price of GBX 3,583.64. The company has a market capitalization of £1.27 billion, a PE ratio of 16.90 and a beta of 1.12.

Insider Activity

In related news, insider Constantin Cotzias purchased 742 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was acquired at an average price of GBX 3,485 per share, for a total transaction of £25,858.70. 5.59% of the stock is currently owned by insiders.

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.