Croda International (LON:CRDA) Reaches New 1-Year High – Here’s Why

Shares of Croda International Plc (LON:CRDA) reached a new 52-week high on Tuesday. The stock traded as high as GBX 3,543 and last traded at GBX 3,525, with a volume of 1,086,830 shares. The stock had previously closed at GBX 3,417.

Wall Street Analyst Weigh In

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

Croda International Trading Down 0.1%

The company has a debt-to-equity ratio of 36.06, a current ratio of 2.57 and a quick ratio of 2.25. The stock has a market cap of £4.93 billion, a P/E ratio of 62.18, a PEG ratio of 1.40 and a beta of 0.92. The firm’s fifty day moving average price is GBX 3,304.90 and its two-hundred day moving average price is GBX 3,085.55.

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

Insider Buying and Selling at Croda International

In other news, insider Stephen Oxley sold 1,339 shares of Croda International stock in a transaction dated 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 90 days, insiders bought 34 shares of company stock valued at $113,072. Company insiders own 0.84% of the company’s stock.

About Croda International

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.