Croda International (LON:CRDA) Hits New 1-Year High – Still a Buy?

Croda International Plc (LON:CRDA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,346 and last traded at GBX 3,318.43, with a volume of 65086152 shares changing hands. The stock had previously closed at GBX 3,242.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,500 target price on shares of Croda International in a research note on Wednesday, July 29th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,600 price objective on shares of Croda International in a report on Wednesday, July 29th. Citigroup increased their price target on Croda International from GBX 3,050 to GBX 3,200 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,300 price objective on shares of Croda International in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Croda International currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,390.

Croda International Stock Up 0.9%

The company has a quick ratio of 2.25, a current ratio of 2.57 and a debt-to-equity ratio of 36.06. The firm has a market cap of £4.61 billion, a price-to-earnings ratio of 58.15, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. The stock’s 50 day moving average is GBX 3,031.44 and its 200 day moving average is GBX 2,927.26.

Croda International (LON:CRDA) last released its earnings results on Tuesday, July 28th. The company reported GBX 72.20 earnings per share for the quarter. Croda International had a return on equity of 3.65% and a net margin of 4.61%. Analysts forecast that Croda International Plc will post 181.8307268 EPS for the current year.

Croda International Company Profile

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.