Clarkson (LON:CKN) Reaches New 1-Year High – Here’s What Happened

Shares of Clarkson PLC (LON:CKN) reached a new 52-week high during trading on Monday . The company traded as high as GBX 4,675 and last traded at GBX 4,670, with a volume of 705098 shares. The stock had previously closed at GBX 4,635.72.

Wall Street Analyst Weigh In

CKN has been the topic of several recent analyst reports. Berenberg Bank upped their target price on shares of Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Canaccord Genuity Group boosted their price target on Clarkson from GBX 4,000 to GBX 4,400 and gave the stock a “buy” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 4,512.50.

Clarkson Price Performance

The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. The firm has a market capitalization of £1.46 billion, a PE ratio of 19.38 and a beta of 0.89. The company has a 50-day moving average price of GBX 4,232.68 and a 200-day moving average price of GBX 3,842.29.

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

Clarkson Company Profile

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.