Berenberg Bank Forecasts Strong Price Appreciation for Croda International (LON:CRDA) Stock

Croda International (LON:CRDA) had its target price upped by stock analysts at Berenberg Bank from GBX 3,100 to GBX 3,300 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 14.82% from the stock’s current price.

CRDA has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reduced their price target on Croda International from GBX 3,400 to GBX 3,000 and set a “hold” rating for the company in a report on Tuesday, July 29th. Citigroup reduced their price target on Croda International from GBX 3,300 to GBX 3,050 and set a “neutral” rating for the company in a report on Friday, October 3rd. Jefferies Financial Group reduced their price objective on Croda International from GBX 3,200 to GBX 3,100 and set a “buy” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. upgraded Croda International to an “overweight” rating in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 3,137.50.

Croda International Price Performance

CRDA opened at GBX 2,874 on Thursday. The stock has a fifty day simple moving average of GBX 2,617.55 and a two-hundred day simple moving average of GBX 2,816.94. The company has a current ratio of 2.72, a quick ratio of 2.25 and a debt-to-equity ratio of 30.90. The company has a market cap of £4.01 billion, a price-to-earnings ratio of 1,866.23, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. Croda International has a 12-month low of GBX 2,426.77 and a 12-month high of GBX 3,821.

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

Insider Buying and Selling

In other news, insider Jacqui Ferguson bought 393 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of GBX 2,524 per share, with a total value of £9,919.32. Also, insider Ian Bull bought 500 shares of the company’s stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of GBX 2,643 per share, for a total transaction of £13,215. Insiders purchased 11,333 shares of company stock worth $29,793,789 in the last three months. 0.83% of the stock is currently 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.