Berenberg Bank Issues Positive Forecast for Clarkson (LON:CKN) Stock Price

Clarkson (LON:CKN) had its target price boosted by Berenberg Bank from GBX 4,750 to GBX 5,250 in a research note published on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group increased their price target on Clarkson from GBX 4,000 to GBX 4,400 and gave the stock a “buy” rating in a research note on Monday, January 12th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 4,512.50.

Clarkson Trading Up 3.1%

Shares of LON:CKN opened at GBX 4,654.49 on Tuesday. The stock has a 50 day moving average of GBX 4,154.78 and a 200 day moving average of GBX 3,805.87. The company has a market cap of £1.44 billion, a PE ratio of 19.09 and a beta of 0.89. Clarkson has a 12-month low of GBX 2,630 and a 12-month high of GBX 4,670. The company has a current ratio of 2.19, a quick ratio of 1.69 and a debt-to-equity ratio of 8.91.

Clarkson (LON:CKN) last released its earnings results on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a net margin of 11.59% and a return on equity of 15.29%. As a group, equities research analysts expect that Clarkson will post 283.011583 EPS for the current year.

Clarkson Company Profile

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. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.