Croda International (LON:CRDA) Reaches New 52-Week Low – Here’s Why

Shares of Croda International Plc (LON:CRDA) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 2,514 ($33.81) and last traded at GBX 2,526 ($33.97), with a volume of 3758672 shares. The stock had previously closed at GBX 2,594 ($34.89).

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CRDA shares. Deutsche Bank Aktiengesellschaft reduced their target price on Croda International from GBX 3,400 ($45.73) to GBX 3,000 ($40.35) and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Citigroup decreased their price objective on Croda International from GBX 3,550 ($47.75) to GBX 3,300 ($44.38) and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. raised shares of Croda International to an “overweight” rating in a research note on Wednesday, July 30th. Finally, Berenberg Bank reduced their target price on shares of Croda International from GBX 3,800 ($51.11) to GBX 3,100 ($41.69) and set a “buy” rating on the stock in a report on Tuesday, July 29th.

Croda International Price Performance

The business’s 50 day moving average price is GBX 2,920.43 and its 200-day moving average price is GBX 3,000.46. The company has a quick ratio of 2.25, a current ratio of 2.72 and a debt-to-equity ratio of 30.90. The company has a market cap of £3.59 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74.

Croda International (LON:CRDA) last posted its quarterly earnings data on Tuesday, July 29th. The company reported GBX 72.20 ($0.97) earnings per share for the quarter. Croda International had a net margin of 9.98% and a return on equity of 6.96%. As a group, analysts forecast that Croda International Plc will post 181.8307268 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Ian Bull acquired 500 shares of Croda International stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of GBX 2,643 ($35.55) per share, for a total transaction of £13,215 ($17,774.04). Also, insider Danuta Gray bought 1,300 shares of the company’s stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of GBX 2,600 ($34.97) per share, for a total transaction of £33,800 ($45,460.66). In the last three months, insiders have purchased 10,661 shares of company stock worth $28,238,337. 0.93% of the stock is currently owned by insiders.

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.