Clarkson (LON:CKN) Reaches New 1-Year Low Following Analyst Downgrade

Clarkson PLC (LON:CKN) reached a new 52-week low during mid-day trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from GBX 4,500 to GBX 4,000. Canaccord Genuity Group currently has a buy rating on the stock. Clarkson traded as low as GBX 3,360 ($43.57) and last traded at GBX 3,445 ($44.68), with a volume of 390358 shares traded. The stock had previously closed at GBX 3,455 ($44.81).

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

Clarkson Price Performance

The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. The company’s 50-day simple moving average is GBX 4,242.80 and its 200-day simple moving average is GBX 3,917.26. The stock has a market capitalization of £1.11 billion, a P/E ratio of 13.42 and a beta of 1.12.

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, March 10th. The company reported GBX 286.90 ($3.72) earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. As a group, sell-side analysts expect that Clarkson PLC 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.