Croda International (LON:CRDA) Price Target Raised to GBX 4,000

Key Points

• Jefferies raised Croda International’s price target to GBX 4,000 from GBX 3,500 and maintained a “buy” rating, implying 16.38% potential upside from the prior close.
• Analyst sentiment remains positive overall, with three “buy” and two “hold” ratings producing a consensus “Moderate Buy” rating and average price target of GBX 3,490.
• Croda shares opened at GBX 3,437, while the company reported quarterly earnings of GBX 72.20 per share; an insider separately sold 1,339 shares worth about £43,035.

Croda International (LON:CRDA - Get Free Report) had its price target lifted by Jefferies Financial Group from GBX 3,500 to GBX 4,000 in a research note issued to investors on Tuesday, London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price would indicate a potential upside of 16.38% from the stock's previous close.

Several other brokerages have also weighed in on CRDA. Berenberg Bank reissued a "buy" rating and issued a GBX 3,600 price objective on shares of Croda International in a report on Wednesday, July 29th. Citigroup lifted their price objective on shares of Croda International from GBX 3,050 to GBX 3,200 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 3,300 price target on shares of Croda International in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Croda International presently has a consensus rating of "Moderate Buy" and an average target price of GBX 3,490.

Croda International Stock Down 0.6%

CRDA stock opened at GBX 3,437 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 2.25 and a debt-to-equity ratio of 36.06. The firm has a 50 day simple moving average of GBX 3,138.03 and a 200-day simple moving average of GBX 2,991.96. The company has a market capitalization of £4.79 billion, a P/E ratio of 60.40, a PEG ratio of 1.40 and a beta of 0.92. Croda International has a twelve month low of GBX 2,437 and a twelve month high of GBX 3,520.24.

Croda International (LON:CRDA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 72.20 earnings per share for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. On average, equities research analysts predict that Croda International will post 181.8307268 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Stephen Oxley sold 1,339 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of GBX 3,214, for a total value of £43,035.46. Over the last three months, insiders have bought 35 shares of company stock valued at $107,620. 0.83% of the stock is currently owned by corporate insiders.

About Croda International

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.

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