Berenberg Bank Forecasts Strong Price Appreciation for Clarkson (LON:CKN) Stock

Clarkson (LON:CKN) had its target price increased by investment analysts at Berenberg Bank from GBX 5,250 to GBX 5,925 in a research report issued on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 15.16% from the stock’s current price.

Separately, Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and increased their price target for the company from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 4,943.75.

Clarkson Trading Up 0.8%

LON:CKN opened at GBX 5,145 on Tuesday. Clarkson has a 1 year low of GBX 3,365 and a 1 year high of GBX 5,485. The company has a debt-to-equity ratio of 10.66, a quick ratio of 1.69 and a current ratio of 1.78. The stock has a fifty day moving average price of GBX 4,582.04 and a two-hundred day moving average price of GBX 4,530.80. The stock has a market capitalization of £1.58 billion, a price-to-earnings ratio of 24.17 and a beta of 0.70.

Clarkson (LON:CKN) last issued its earnings results on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a net margin of 10.41% and a return on equity of 12.93%. As a group, sell-side analysts anticipate that Clarkson will post 283.011583 earnings per share for the current fiscal year.

Insider Activity at Clarkson

In other news, insider Constantin Cotzias bought 1,127 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were bought at an average cost of GBX 4,412 per share, for a total transaction of £49,723.24. Also, insider Jeff Woyda sold 60,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total value of £2,866,800. Company insiders own 5.37% of the company’s stock.

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.