Clarkson (LON:CKN) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

Clarkson (LON:CKN)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued on Thursday, Digital Look reports. They presently have a GBX 5,550 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 6.68% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Berenberg Bank increased their price target on shares of Clarkson from GBX 5,925 to GBX 6,025 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the company a “buy” rating in a report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Clarkson has a consensus rating of “Buy” and an average price target of GBX 5,281.25.

Clarkson Trading Down 0.1%

LON CKN opened at GBX 5,202.30 on Thursday. Clarkson has a 12 month low of GBX 3,365 and a 12 month high of GBX 5,485. The company has a 50-day moving average of GBX 5,056.04 and a 200-day moving average of GBX 4,810.41. The company has a debt-to-equity ratio of 10.87, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of £1.60 billion, a P/E ratio of 20.78 and a beta of 0.70.

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