Clarkson (LON:CKN) Upgraded to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Clarkson (LON:CKN) to a hold rating in a report issued on Friday, MarketBeat Ratings reports. They currently have GBX 4,650 target price on the stock, up from their prior target price of GBX 4,400.

A number of other brokerages have also recently commented on CKN. Berenberg Bank upped their target price on shares of Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a report on Thursday, March 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 4,775.

Clarkson Price Performance

Shares of CKN opened at GBX 4,840.39 on Friday. The firm has a fifty day moving average price of GBX 4,650.76 and a 200 day moving average price of GBX 4,135.02. Clarkson has a 1-year low of GBX 3,170 and a 1-year high of GBX 4,992. The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. The stock has a market cap of £1.49 billion, a PE ratio of 22.74 and a beta of 0.70.

Clarkson (LON:CKN) last announced its earnings results on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a net margin of 10.41% and a return on equity of 12.93%. As a group, sell-side analysts anticipate that Clarkson will post 283.011583 EPS for the current year.

Insider Activity

In other news, insider Constantin Cotzias purchased 1,097 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average cost of GBX 4,624 per share, for a total transaction of £50,725.28. 5.57% of the stock is currently owned by company insiders.

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.