Canaccord Genuity Group Reiterates “Hold” Rating for Clarkson (LON:CKN)

Clarkson (LON:CKN)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 4,400 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential downside of 3.72% from the stock’s previous close.

Separately, Berenberg Bank upped their price objective on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,512.50.

Clarkson Stock Down 1.8%

Shares of LON:CKN traded down GBX 85 during midday trading on Thursday, reaching GBX 4,570. The company had a trading volume of 1,557,911 shares, compared to its average volume of 262,364. The business’s 50 day moving average price is GBX 4,247.18 and its 200 day moving average price is GBX 3,848.04. Clarkson has a 1-year low of GBX 2,630 and a 1-year high of GBX 4,780. The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 10.66. The stock has a market cap of £1.41 billion, a PE ratio of 18.74 and a beta of 0.89.

Clarkson (LON:CKN) last released its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 earnings per share for the quarter. Clarkson had a net margin of 10.41% and a return on equity of 12.93%. Research analysts forecast that Clarkson will post 283.011583 EPS for the current fiscal year.

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.