Clarkson’s (CKN) Hold Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their hold rating on shares of Clarkson (LON:CKN) in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have a GBX 4,400 target price on the stock.

Separately, Berenberg Bank increased their target price on Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Clarkson presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,712.50.

Clarkson Stock Down 0.7%

LON:CKN opened at GBX 4,545 on Thursday. Clarkson has a 1 year low of GBX 2,630 and a 1 year high of GBX 4,780. The stock has a 50-day moving average price of GBX 4,266.48 and a two-hundred day moving average price of GBX 3,863.39. The stock has a market cap of £1.40 billion, a price-to-earnings ratio of 18.64 and a beta of 0.89. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66.

Clarkson (LON:CKN) last released its quarterly earnings results 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%. As a group, equities analysts expect that Clarkson will post 283.011583 earnings per share for the current year.

Insider Transactions at Clarkson

In other news, insider Constantin Cotzias bought 1,097 shares of the stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of GBX 4,624 per share, for a total transaction of £50,725.28. Company insiders own 5.57% of the company’s stock.

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.