Clarkson (LON:CKN) Shares Up 0.1% – Here’s What Happened

Clarkson PLC (LON:CKN)’s stock price shot up 0.1% on Friday. The company traded as high as GBX 4,716 and last traded at GBX 4,649.49. Approximately 57,027 shares changed hands during trading, a decline of 78% from the average daily volume of 257,836 shares. The stock had previously closed at GBX 4,646.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CKN. Deutsche Bank increased their price target on Clarkson from GBX 4,950 to GBX 5,300 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 5,550 price target on shares of Clarkson in a research note on Thursday, October 15th. Finally, Berenberg Bank increased their price objective on Clarkson from GBX 5,925 to GBX 6,025 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 5,625.

Clarkson Stock Up 0.1%

The firm has a market capitalization of £1.43 billion, a P/E ratio of 18.57 and a beta of 0.70. The business has a 50 day moving average price of GBX 5,036.79 and a 200 day moving average price of GBX 4,732.55. The company has a debt-to-equity ratio of 10.87, a current ratio of 1.69 and a quick ratio of 1.69.

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.