Clarkson (LON:CKN) Price Target Raised to GBX 6,025

Clarkson (LON:CKN) had its price target hoisted by Berenberg Bank from GBX 5,925 to GBX 6,025 in a research note published on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Clarkson from GBX 4,950 to GBX 5,300 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Clarkson has an average rating of “Moderate Buy” and an average price target of GBX 5,056.25.

Clarkson Trading Up 2.4%

Shares of Clarkson stock opened at GBX 5,390 on Wednesday. The firm has a 50-day simple moving average of GBX 5,046.68 and a two-hundred day simple moving average of GBX 4,794.05. The company has a debt-to-equity ratio of 10.87, a quick ratio of 1.69 and a current ratio of 1.69. Clarkson has a fifty-two week low of GBX 3,365 and a fifty-two week high of GBX 5,485. The company has a market cap of £1.66 billion, a P/E ratio of 21.53 and a beta of 0.70.

Clarkson (LON:CKN) last posted its earnings results on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. As a group, equities analysts predict that Clarkson will post 283.01 earnings per share for the current fiscal year.

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.