Clarkson (LON:CKN) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Clarkson (LON:CKN) in a research note released on Tuesday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 4,950 ($62.19) price objective on the stock.

A number of other analysts have also commented on CKN. Canaccord Genuity Group lifted their price target on Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the stock a buy rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price target on Clarkson from GBX 4,080 ($51.26) to GBX 4,320 ($54.27) and gave the stock an overweight rating in a report on Tuesday, March 5th.

Clarkson Stock Performance

Shares of Clarkson stock opened at GBX 4,039.90 ($50.75) on Tuesday. The business’s fifty day simple moving average is GBX 3,949.59 and its 200 day simple moving average is GBX 3,441.23. The firm has a market capitalization of £1.24 billion, a P/E ratio of 1,459.85 and a beta of 1.16. Clarkson has a 12 month low of GBX 2,500 ($31.41) and a 12 month high of GBX 4,145 ($52.07). The company has a current ratio of 1.59, a quick ratio of 1.69 and a debt-to-equity ratio of 9.46.

Clarkson Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 9th will be paid a GBX 72 ($0.90) dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from Clarkson’s previous dividend of $30.00. This represents a dividend yield of 1.96%. Clarkson’s payout ratio is presently 3,722.63%.

Insider Buying and Selling at Clarkson

In other Clarkson news, insider Jeff Woyda sold 18,773 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($51.19), for a total value of £764,999.75 ($961,054.96). Corporate insiders own 11.01% of the company’s stock.

About Clarkson

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.