Clarkson's (CKN) "Buy" Rating Reaffirmed at Canaccord Genuity Group

Clarkson (LON:CKN - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Canaccord Genuity Group in a research note issued on Friday, MarketBeat Ratings reports. They currently have a GBX 3,450 ($46.07) price objective on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 5.69% from the company's current price.

Separately, Berenberg Bank cut their price target on shares of Clarkson from GBX 5,075 ($67.77) to GBX 4,800 ($64.09) and set a "buy" rating for the company in a report on Tuesday, March 11th.

Clarkson Stock Up 1.2 %

Shares of CKN stock traded up GBX 39.25 ($0.52) during mid-day trading on Friday, hitting GBX 3,264.25 ($43.59). The stock had a trading volume of 77,401 shares, compared to its average volume of 311,589. 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 firm's 50-day moving average is GBX 3,468.14 and its two-hundred day moving average is GBX 3,815.24. The firm has a market capitalization of £1.01 billion, a P/E ratio of 12.15 and a beta of 1.12. Clarkson has a 12-month low of GBX 2,630 ($35.12) and a 12-month high of GBX 4,675 ($62.42).

Clarkson (LON:CKN - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported GBX 286.90 ($3.83) earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. On average, analysts predict that Clarkson will post 283.011583 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Laurence Hollingworth purchased 6,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of GBX 2,965 ($39.59) per share, for a total transaction of £177,900 ($237,548.40). 11.81% of the stock is currently owned by company insiders.

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.