Clarkson (LON:CKN) Hits New 12-Month High – Still a Buy?

Shares of Clarkson PLC (LON:CKN) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 5,485 and last traded at GBX 5,300, with a volume of 560601 shares changing hands. The stock had previously closed at GBX 4,730.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of Clarkson to a “hold” rating and raised their price target for the company from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,775.

Clarkson Trading Up 7.3%

The stock has a market capitalization of £1.56 billion, a PE ratio of 23.84 and a beta of 0.70. The firm has a 50-day moving average price of GBX 4,575.98 and a 200-day moving average price of GBX 4,524.08. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66.

Insider Activity

In related news, insider Constantin Cotzias purchased 1,127 shares of Clarkson stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average price of GBX 4,412 per share, for a total transaction of £49,723.24. Also, insider Jeff Woyda sold 60,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. 5.37% of the stock is currently owned by corporate insiders.

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.