Clarkson (LON:CKN) Reaches New 52-Week Low – Should You Sell?

Clarkson PLC (LON:CKN)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 3,360 ($43.44) and last traded at GBX 3,405 ($44.03), with a volume of 60515 shares changing hands. The stock had previously closed at GBX 3,470 ($44.87).

Analysts Set New Price Targets

Several brokerages have recently weighed in on CKN. Berenberg Bank decreased their target price on shares of Clarkson from GBX 5,075 ($65.62) to GBX 4,800 ($62.06) and set a “buy” rating for the company in a research note on Tuesday, March 11th. Canaccord Genuity Group decreased their price objective on shares of Clarkson from GBX 4,500 ($58.18) to GBX 4,000 ($51.72) and set a “buy” rating for the company in a research report on Wednesday, March 12th.

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 business’s 50-day moving average price is GBX 4,114.76 and its two-hundred day moving average price is GBX 3,902.74. The firm has a market cap of £1.05 billion, a price-to-earnings ratio of 12.67 and a beta of 1.12.

Clarkson (LON:CKN) last announced its quarterly earnings data on Monday, March 10th. The company reported GBX 286.90 ($3.71) earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. On average, research analysts forecast that Clarkson PLC will post 283.011583 EPS for the current fiscal year.

Clarkson Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, May 8th will be issued a GBX 77 ($1.00) dividend. This is a positive change from Clarkson’s previous dividend of $32.00. This represents a yield of 2.19%. The ex-dividend date is Thursday, May 8th. Clarkson’s payout ratio is currently 38.70%.

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.