Berenberg Bank Cuts Croda International (LON:CRDA) Price Target to GBX 3,100

Key Points

• Berenberg Bank has decreased its price objective for Croda International stock from GBX 3,800 to GBX 3,100, while maintaining a "buy" rating, indicating an expected 18.03% upside.
• Other analysts have also lowered their price targets, with Citigroup setting a new objective of GBX 3,300 and labeling the stock as "neutral".
• Insiders of Croda International have shown confidence by purchasing shares, acquiring a total of 5,046 shares valued at approximately $13.9 million in the last 90 days.

Croda International (LON:CRDA - Free Report) had its price objective lowered by Berenberg Bank from GBX 3,800 ($50.44) to GBX 3,100 ($41.15) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

A number of other research analysts have also recently commented on CRDA. Citigroup cut their price target on shares of Croda International from GBX 3,550 ($47.12) to GBX 3,300 ($43.80) and set a "neutral" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upgraded shares of Croda International to an "overweight" rating in a research note on Wednesday.

Croda International Stock Performance

Shares of LON CRDA traded up GBX 15 ($0.20) during mid-day trading on Tuesday, hitting GBX 2,627 ($34.87). The company had a trading volume of 536,042 shares, compared to its average volume of 1,088,552. The firm has a market cap of £3.67 billion, a P/E ratio of 22.57, a PEG ratio of 1.40 and a beta of 0.74. The company has a debt-to-equity ratio of 30.90, a current ratio of 2.72 and a quick ratio of 2.25. Croda International has a 12 month low of GBX 2,527 ($33.54) and a 12 month high of GBX 4,335 ($57.54). The business's 50-day simple moving average is GBX 2,967.84 and its 200-day simple moving average is GBX 3,024.91.

Croda International (LON:CRDA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 72.20 ($0.96) EPS for the quarter. Croda International had a net margin of 9.98% and a return on equity of 6.96%. As a group, analysts predict that Croda International will post 181.8307268 earnings per share for the current fiscal year.

Insider Activity at Croda International

In related news, insider Tom Brophy acquired 90 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average price of GBX 3,070 ($40.75) per share, for a total transaction of £2,763 ($3,667.37). Also, insider Danuta Gray acquired 1,300 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of GBX 2,600 ($34.51) per share, with a total value of £33,800 ($44,863.29). Over the last 90 days, insiders have bought 6,346 shares of company stock worth $17,310,982. Company insiders own 0.93% of the company's stock.

Croda International Company Profile

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.