Clarkson PLC (LON:CKN) Receives Consensus Recommendation of “Buy” from Analysts

Clarkson PLC (LON:CKNGet Rating) has received a consensus rating of “Buy” from the seven brokerages that are currently covering the company, reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 4,089.29 ($50.41).

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,655 ($45.06) price objective on shares of Clarkson in a report on Thursday, May 5th.

Shares of CKN stock opened at GBX 3,130 ($38.58) on Friday. The stock’s 50-day simple moving average is GBX 3,528.30 and its 200-day simple moving average is GBX 3,582.20. The company has a debt-to-equity ratio of 14.88, a quick ratio of 1.49 and a current ratio of 1.52. The firm has a market capitalization of £954.27 million and a PE ratio of 19.18. Clarkson has a fifty-two week low of GBX 2,963.69 ($36.53) and a fifty-two week high of GBX 4,225 ($52.08).

The firm also recently disclosed a dividend, which will be paid on Friday, May 27th. Shareholders of record on Thursday, May 12th will be issued a GBX 57 ($0.70) dividend. This is a positive change from Clarkson’s previous dividend of $27.00. This represents a yield of 1.83%. The ex-dividend date of this dividend is Thursday, May 12th. Clarkson’s dividend payout ratio (DPR) is presently 0.50%.

In other Clarkson news, insider Jeff Woyda sold 1,211 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of GBX 3,254 ($40.11), for a total value of £39,405.94 ($48,577.34).

Clarkson Company Profile (Get Rating)

Clarkson PLC provides integrated shipping services worldwide. The company operates through four segments: Broking, Financial, Support, and Research. The Broking segment offers services to ship owners 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.

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Analyst Recommendations for Clarkson (LON:CKN)

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