Clarkson (LON:CKN) Price Target Raised to GBX 4,400

Clarkson (LON:CKN) had its price objective increased by Canaccord Genuity Group from GBX 4,000 to GBX 4,400 in a report issued on Monday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Peel Hunt restated a “buy” rating and issued a GBX 4,250 price objective on shares of Clarkson in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 4,262.50.

Clarkson Stock Performance

Shares of Clarkson stock opened at GBX 4,190 on Monday. The company has a 50 day moving average price of GBX 3,761.89 and a 200 day moving average price of GBX 3,599.70. The firm has a market capitalization of £1.29 billion, a P/E ratio of 17.19 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. Clarkson has a 52 week low of GBX 2,630 and a 52 week high of GBX 4,535.

Insiders Place Their Bets

In other Clarkson news, insider Constantin Cotzias purchased 742 shares of the stock in a transaction on Friday, October 17th. The shares were bought at an average price of GBX 3,485 per share, for a total transaction of £25,858.70. Insiders own 5.59% of the company’s stock.

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.