Croda International (LON:CRDA) Price Target Cut to GBX 3,050 by Analysts at Citigroup

Croda International (LON:CRDA) had its price objective trimmed by Citigroup from GBX 3,300 to GBX 3,050 in a research report report published on Friday morning, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Croda International from GBX 3,400 to GBX 3,000 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,200 price target on shares of Croda International in a report on Wednesday. Berenberg Bank cut their price target on shares of Croda International from GBX 3,800 to GBX 3,100 and set a “buy” rating on the stock in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. raised shares of Croda International to an “overweight” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 3,087.50.

Croda International Price Performance

Shares of CRDA stock opened at GBX 2,871 on Friday. The company has a market capitalization of £4.01 billion, a PE ratio of 1,864.29, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. The firm has a fifty day simple moving average of GBX 2,584.83 and a 200-day simple moving average of GBX 2,826.57. The company has a current ratio of 2.72, a quick ratio of 2.25 and a debt-to-equity ratio of 30.90. Croda International has a twelve month low of GBX 2,426.77 and a twelve month high of GBX 4,325.

Croda International (LON:CRDA) last posted its quarterly earnings results on Tuesday, July 29th. The company reported GBX 72.20 earnings per share (EPS) for the quarter. Croda International had a net margin of 9.98% and a return on equity of 6.96%. Equities research analysts anticipate that Croda International will post 181.8307268 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Danuta Gray acquired 545 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of GBX 2,550 per share, with a total value of £13,897.50. Also, insider Steve Foots acquired 3,815 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of GBX 2,617 per share, for a total transaction of £99,838.55. Over the last 90 days, insiders have acquired 11,343 shares of company stock worth $29,823,659. 0.83% of the stock is owned by company 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.