Clarkson (LON:CKN) Hits New 52-Week Low at $2,615.00

Clarkson PLC (LON:CKNGet Rating) hit a new 52-week low during trading on Friday . The company traded as low as GBX 2,615 ($31.60) and last traded at GBX 2,625 ($31.72), with a volume of 11949 shares trading hands. The stock had previously closed at GBX 2,710 ($32.75).

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CKN shares. Shore Capital restated a “not rated” rating on shares of Clarkson in a research note on Monday, August 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 3,380 ($40.84) target price on shares of Clarkson in a research note on Wednesday, September 7th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 4,087.50 ($49.39).

Clarkson Stock Down 2.0 %

The business has a 50-day simple moving average of GBX 3,181.67 and a two-hundred day simple moving average of GBX 3,278.09. The stock has a market capitalization of £809.75 million and a P/E ratio of 1,340.91. The company has a quick ratio of 1.69, a current ratio of 1.70 and a debt-to-equity ratio of 13.20.

Clarkson Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were given a GBX 29 ($0.35) dividend. This represents a yield of 0.82%. The ex-dividend date was Thursday, September 1st. Clarkson’s dividend payout ratio (DPR) is 42.42%.

About Clarkson

(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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