Clarkson’s (CKN) “Hold” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their hold rating on shares of Clarkson (LON:CKN) in a research note published on Thursday, Marketbeat reports. They currently have a GBX 4,400 target price on the stock.

Separately, Berenberg Bank lifted their price objective on Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,712.50.

Clarkson Stock Down 1.8%

Shares of Clarkson stock opened at GBX 4,570 on Thursday. Clarkson has a twelve month low of GBX 2,630 and a twelve month high of GBX 4,780. The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 10.66. The company’s 50 day moving average is GBX 4,258.88 and its 200 day moving average is GBX 3,853.05. 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 net margin of 10.41% and a return on equity of 12.93%. Research analysts anticipate 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.