Clarkson (LON:CKN) Hits New 1-Year High – Should You Buy?

Clarkson PLC (LON:CKN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 4,490 and last traded at GBX 4,470, with a volume of 81439 shares changing hands. The stock had previously closed at GBX 4,440.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price target on Clarkson from GBX 4,000 to GBX 4,400 and gave the stock a “buy” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Clarkson currently has an average rating of “Buy” and an average price target of GBX 4,262.50.

Clarkson Stock Performance

The stock has a market capitalization of £1.36 billion, a PE ratio of 18.13 and a beta of 0.90. The business’s 50 day moving average is GBX 4,111.64 and its 200 day moving average is GBX 3,782.16. The company has a current ratio of 2.19, a quick ratio of 1.69 and a debt-to-equity ratio of 8.91.

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.