Croda International (LON:CRDA) Trading 6.7% Higher – Should You Buy?

Croda International Plc (LON:CRDA)’s stock price rose 6.7% on Wednesday . The stock traded as high as GBX 3,207 and last traded at GBX 3,121.99. Approximately 1,100,165 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 6,049,810 shares. The stock had previously closed at GBX 2,926.

Analyst Upgrades and Downgrades

A number of analysts have commented on CRDA shares. Jefferies Financial Group cut shares of Croda International to a “hold” rating and reduced their target price for the company from GBX 3,100 to GBX 3,000 in a report on Tuesday, November 11th. Berenberg Bank boosted their price objective on shares of Croda International from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Croda International from GBX 3,000 to GBX 3,100 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 3,112.50.

Croda International Price Performance

The firm has a market cap of £4.44 billion, a PE ratio of 20.66, a P/E/G ratio of 1.40 and a beta of 0.74. The firm’s fifty day simple moving average is GBX 2,751.88 and its two-hundred day simple moving average is GBX 2,709.24. The company has a quick ratio of 2.25, a current ratio of 2.72 and a debt-to-equity ratio of 30.90.

About Croda International

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.