Croda International (LON:CRDA) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Croda International (LON:CRDA) to an overweight rating in a research report report published on Wednesday morning, MarketBeat Ratings reports. The firm currently has GBX 3,350 target price on the stock, up from their prior target price of GBX 3,280.

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Croda International currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,140.

Croda International Stock Performance

LON CRDA opened at GBX 2,860.09 on Wednesday. The business’s 50-day moving average price is GBX 2,846.93 and its 200 day moving average price is GBX 2,782.30. The company has a current ratio of 1.99, a quick ratio of 2.25 and a debt-to-equity ratio of 31.85. Croda International has a twelve month low of GBX 2,426.77 and a twelve month high of GBX 3,312. The company has a market capitalization of £3.99 billion, a PE ratio of 64.42, a price-to-earnings-growth ratio of 1.40 and a beta of 0.96.

Croda International (LON:CRDA) last posted its quarterly earnings results on Tuesday, February 24th. The company reported GBX 146.20 EPS for the quarter. Croda International had a return on equity of 2.82% and a net margin of 3.65%. On average, research analysts predict that Croda International will post 181.8307268 earnings per share for the current year.

Insider Transactions at Croda International

In other Croda International news, insider Tom Brophy sold 1,020 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of GBX 2,652, for a total transaction of £27,050.40. Also, insider Steve Foots sold 3,622 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of GBX 2,606, for a total transaction of £94,389.32. In the last quarter, insiders bought 766 shares of company stock worth $2,136,858. 0.83% of the stock is currently owned by company insiders.

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.