Clarkson (LON:CKN) Reaches New 12-Month High – Here’s Why

Clarkson PLC (LON:CKN) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 4,870 and last traded at GBX 4,864, with a volume of 392290 shares traded. The stock had previously closed at GBX 4,766.45.

Analyst Upgrades and Downgrades

CKN has been the topic of a number of research analyst reports. Berenberg Bank increased their price target on Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft increased their price target on Clarkson from GBX 4,850 to GBX 4,950 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Canaccord Genuity Group restated a “hold” rating and set a GBX 4,400 price target on shares of Clarkson in a research report on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Clarkson has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,712.50.

Clarkson Stock Performance

The firm has a fifty day simple moving average of GBX 4,637.23 and a 200-day simple moving average of GBX 4,125.08. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66. The stock has a market cap of £1.50 billion, a price-to-earnings ratio of 23.02 and a beta of 0.72.

Clarkson (LON:CKN) last posted its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 earnings per share (EPS) for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. Analysts forecast that Clarkson PLC will post 283.011583 EPS for the current fiscal year.

Insider Transactions at Clarkson

In other news, insider Constantin Cotzias acquired 1,097 shares of Clarkson stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of GBX 4,624 per share, with a total value of £50,725.28. Corporate insiders own 5.57% of the company’s stock.

About Clarkson

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.