Clarkson (LON:CKN) Given New GBX 4,250 Price Target at Berenberg Bank

Key Points

• Berenberg Bank lowered its price target for Clarkson from GBX 4,800 to GBX 4,250 while maintaining a "buy" rating, indicating a potential upside from the stock's previous close.
• Clarkson's stock increased by 1.4% to GBX 3,640, and has a market capitalization of £1.12 billion.
• Insider Constantin Cotzias purchased shares of Clarkson at an average cost of GBX 3,549, showing confidence in the company's long-term prospects.

Clarkson (LON:CKN - Free Report) had its target price trimmed by Berenberg Bank from GBX 4,800 ($64.55) to GBX 4,250 ($57.15) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 3,450 ($46.40) price objective on shares of Clarkson in a research report on Friday, May 2nd.

Clarkson Stock Performance

LON:CKN traded down GBX 55 ($0.74) during trading hours on Tuesday, hitting GBX 3,625 ($48.75). 54,784 shares of the company were exchanged, compared to its average volume of 211,136. 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 52-week low of GBX 2,630 ($35.37) and a 52-week high of GBX 4,535 ($60.99). The stock has a market capitalization of £1.12 billion, a price-to-earnings ratio of 13.49 and a beta of 1.12. The company's 50 day moving average price is GBX 3,378.14 and its 200-day moving average price is GBX 3,596.77.

Clarkson (LON:CKN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported GBX 98.60 ($1.33) earnings per share for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. As a group, research analysts forecast that Clarkson will post 283.011583 earnings per share for the current year.

Insider Buying and Selling at Clarkson

In related news, insider Constantin Cotzias bought 742 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average price of GBX 3,549 ($47.73) per share, for a total transaction of £26,333.58 ($35,413.64). Insiders own 11.81% of the company's stock.

About Clarkson

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.