Clarkson (LON:CKN) Posts Earnings Results

Clarkson (LON:CKN) issued its quarterly earnings data on Monday. The company reported GBX 147.60 earnings per share for the quarter, Digital Look Earnings reports. Clarkson had a return on equity of 12.93% and a net margin of 10.41%.

Clarkson Price Performance

LON CKN opened at GBX 5,075 on Wednesday. The stock has a 50-day simple moving average of GBX 4,590.22 and a 200 day simple moving average of GBX 4,538.13. Clarkson has a twelve month low of GBX 3,365 and a twelve month high of GBX 5,485. The stock has a market capitalization of £1.56 billion, a PE ratio of 20.27 and a beta of 0.70. The company has a debt-to-equity ratio of 10.66, a quick ratio of 1.69 and a current ratio of 1.78.

Insider Buying and Selling

In related news, insider Constantin Cotzias acquired 1,127 shares of the stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of GBX 4,412 per share, for a total transaction of £49,723.24. Also, insider Jeff Woyda sold 60,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Company insiders own 5.37% of the company’s stock.

Wall Street Analyst Weigh In

CKN has been the topic of several analyst reports. Berenberg Bank increased their price target on Clarkson from GBX 5,250 to GBX 5,925 and gave the company a “buy” rating in a report on Tuesday. Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and boosted their price objective for the stock from GBX 4,400 to GBX 4,650 in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 5,031.25.

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.