Canaccord Genuity Group Reaffirms “Buy” Rating for Clarkson (LON:CKN)

Clarkson (LON:CKN)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 5,550 price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 5.41% from the company’s previous close.

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

Clarkson Stock Performance

Shares of LON:CKN traded up GBX 60 during trading on Thursday, hitting GBX 5,265. 2,246,181 shares of the stock were exchanged, compared to its average volume of 270,235. Clarkson has a 1-year low of GBX 3,365 and a 1-year high of GBX 5,485. The company has a market capitalization of £1.62 billion, a price-to-earnings ratio of 21.03 and a beta of 0.70. The company’s fifty day simple moving average is GBX 5,061.59 and its 200-day simple moving average is GBX 4,815.27. 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 (LON:CKN) last issued 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%. Sell-side analysts expect that Clarkson will post 283.01 EPS for the current fiscal 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.