Citigroup Issues Positive Forecast for Croda International (LON:CRDA) Stock Price

Croda International (LON:CRDA) had its price objective boosted by analysts at Citigroup from GBX 3,050 to GBX 3,200 in a report released on Wednesday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 0.63% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,000 price target on shares of Croda International in a research note on Wednesday, April 22nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,600 price objective on shares of Croda International in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,230.

Croda International Trading Up 0.6%

LON:CRDA opened at GBX 3,180 on Wednesday. Croda International has a 1 year low of GBX 2,426.77 and a 1 year high of GBX 3,312. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.25 and a current ratio of 1.99. The stock has a fifty day moving average price of GBX 2,989.04 and a two-hundred day moving average price of GBX 2,900.62. The stock has a market capitalization of £4.43 billion, a price-to-earnings ratio of 71.62, a PEG ratio of 1.40 and a beta of 0.92.

Insiders Place Their Bets

In other Croda International news, insider Steve Foots sold 73 shares of Croda International stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 2,840, for a total transaction of £2,073.20. In the last ninety days, insiders have bought 25 shares of company stock worth $72,490. Company insiders own 0.83% of the company’s stock.

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.