Clarkson (LON:CKN) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Clarkson (LON:CKN) in a report issued on Tuesday, MarketBeat reports. The firm currently has a GBX 4,500 ($57.51) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft reissued a buy rating and set a GBX 4,950 ($63.26) price target on shares of Clarkson in a research report on Tuesday, May 7th.

Clarkson Price Performance

Shares of Clarkson stock remained flat at GBX 3,785 ($48.37) during trading on Tuesday. 29,594 shares of the stock were exchanged, compared to its average volume of 57,436. The company has a debt-to-equity ratio of 9.46, a quick ratio of 1.69 and a current ratio of 1.59. The firm has a market capitalization of £1.16 billion, a price-to-earnings ratio of 1,381.39 and a beta of 1.16. Clarkson has a 52 week low of GBX 2,500 ($31.95) and a 52 week high of GBX 4,675 ($59.74). The firm’s 50 day moving average price is GBX 4,238.96 and its 200-day moving average price is GBX 3,978.49.

Clarkson Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be issued a GBX 32 ($0.41) dividend. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 29th. Clarkson’s dividend payout ratio is presently 3,722.63%.

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.