Croda International (LON:CRDA) Reaches New 12-Month High – Should You Buy?

Croda International Plc (LON:CRDA) shares hit a new 52-week high during trading on Monday. The company traded as high as GBX 3,662 and last traded at GBX 3,657, with a volume of 239,856 shares traded. The stock had previously closed at GBX 3,636.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRDA. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 3,300 price objective on shares of Croda International in a research report on Wednesday, July 29th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,600 target price on shares of Croda International in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,000 target price on shares of Croda International in a research note on Friday, September 25th. Finally, Citigroup raised their price target on Croda International from GBX 3,050 to GBX 3,200 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 3,490.

Croda International Price Performance

The company has a quick ratio of 2.25, a current ratio of 2.57 and a debt-to-equity ratio of 36.06. The firm has a market capitalization of £5.00 billion, a PE ratio of 63.02, a PEG ratio of 1.40 and a beta of 0.92. The firm’s fifty day simple moving average is GBX 3,369.29 and its 200-day simple moving average is GBX 3,041.32.

Croda International (LON:CRDA) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 72.20 earnings per share for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. On average, research analysts forecast that Croda International Plc will post 181.83 earnings per share for the current fiscal year.

Insider Transactions at Croda International

In other Croda International news, insider Stephen Oxley sold 1,339 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total transaction of £43,035.46. Over the last quarter, insiders purchased 34 shares of company stock valued at $113,072. Corporate insiders own 0.84% of the company’s stock.

Croda International Company Profile

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.