Clarkson (LON:CKN) Given New GBX 4,000 Price Target at Canaccord Genuity Group

Clarkson (LON:CKNFree Report) had its target price cut by Canaccord Genuity Group from GBX 4,500 ($58.36) to GBX 4,000 ($51.87) in a research note published on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank cut their price target on Clarkson from GBX 5,075 ($65.82) to GBX 4,800 ($62.25) and set a “buy” rating on the stock in a report on Tuesday.

Get Our Latest Report on CKN

Clarkson Price Performance

Shares of LON CKN opened at GBX 3,610 ($46.82) on Wednesday. The stock’s 50-day moving average is GBX 4,242.80 and its two-hundred day moving average is GBX 3,917.26. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. Clarkson has a 1-year low of GBX 3,345 ($43.38) and a 1-year high of GBX 4,675 ($60.63). The company has a market cap of £1.11 billion, a price-to-earnings ratio of 13.43 and a beta of 1.12.

Clarkson (LON:CKNGet Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.72) earnings per share for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. Analysts forecast that Clarkson will post 283.011583 EPS for the current fiscal year.

Clarkson Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Clarkson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarkson and related companies with MarketBeat.com's FREE daily email newsletter.