Deutsche Bank Aktiengesellschaft Reaffirms Hold Rating for Croda International (LON:CRDA)

Croda International (LON:CRDA)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 3,300 target price on the stock. Deutsche Bank Aktiengesellschaft‘s price objective would suggest a potential downside of 8.84% from the stock’s current price.

A number of other research firms have also commented on CRDA. Citigroup raised 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. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,000 price objective on shares of Croda International in a report on Thursday. Finally, Berenberg Bank boosted their price objective on Croda International from GBX 3,600 to GBX 4,400 and gave the company a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,650.

Croda International Stock Performance

CRDA stock opened at GBX 3,620 on Friday. Croda International has a 1-year low of GBX 2,488 and a 1-year high of GBX 3,784. The company has a current ratio of 2.57, a quick ratio of 2.25 and a debt-to-equity ratio of 36.06. The firm has a market cap of £5.04 billion, a PE ratio of 63.62, a P/E/G ratio of 1.40 and a beta of 0.92. The business’s 50-day moving average price is GBX 3,407.21 and its two-hundred day moving average price is GBX 3,073.27.

About Croda International

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.