Clarkson (LON:CKN) Given New GBX 4,950 Price Target at Deutsche Bank Aktiengesellschaft

Clarkson (LON:CKN) had its price objective upped by Deutsche Bank Aktiengesellschaft from GBX 4,850 to GBX 4,950 in a research report released on Thursday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity Group reissued a “hold” rating and set a GBX 4,400 price objective on shares of Clarkson in a research report on Thursday. Berenberg Bank increased their target price on shares of Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,712.50.

Clarkson Price Performance

Shares of LON CKN opened at GBX 4,570 on Thursday. The stock’s 50-day moving average is GBX 4,258.88 and its two-hundred day moving average is GBX 3,853.05. The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. Clarkson has a 1-year low of GBX 2,630 and a 1-year high of GBX 4,780. The company has a market cap of £1.41 billion, a price-to-earnings ratio of 18.74 and a beta of 0.89.

Clarkson (LON:CKN) last posted its earnings results on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. Analysts forecast that Clarkson will post 283.011583 EPS for the current fiscal 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.