Croda International (LON:CRDA) Given New GBX 4,400 Price Target at Berenberg Bank

Croda International (LON:CRDA) had its price objective raised by Berenberg Bank from GBX 3,600 to GBX 4,400 in a research report report published on Friday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 3,300 price objective on shares of Croda International in a report on Wednesday, July 29th. Citigroup boosted their target price on Croda International from GBX 3,050 to GBX 3,200 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,000 target price on shares of Croda International in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 3,650.

Croda International Stock Up 0.4%

LON:CRDA traded up GBX 15 during midday trading on Friday, hitting GBX 3,666. 501,819 shares of the company were exchanged, compared to its average volume of 4,857,115. The company has a fifty day simple moving average of GBX 3,411.95 and a 200 day simple moving average of GBX 3,078.21. Croda International has a fifty-two week low of GBX 2,488 and a fifty-two week 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 company has a market capitalization of £5.11 billion, a PE ratio of 64.43, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92.

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.