Canaccord Genuity Group Reaffirms "Buy" Rating for Clarkson (LON:CKN)

Clarkson (LON:CKN - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Canaccord Genuity Group in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 3,450 ($45.83) target price on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 13.11% from the company's previous close.

Separately, Berenberg Bank cut their price target on Clarkson from GBX 5,075 ($67.42) to GBX 4,800 ($63.77) and set a "buy" rating for the company in a research note on Tuesday, March 11th.

Clarkson Stock Up 1.8 %

CKN opened at GBX 3,050 ($40.52) on Friday. The stock has a market capitalization of £939.54 million, a price-to-earnings ratio of 11.35 and a beta of 1.12. The firm has a 50 day moving average price of GBX 3,541.24 and a 200-day moving average price of GBX 3,821.66. Clarkson has a twelve month low of GBX 2,630 ($34.94) and a twelve month high of GBX 4,675 ($62.11). The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45.

Clarkson (LON:CKN - Get Free Report) last announced its earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.81) earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. Equities research analysts forecast that Clarkson will post 283.011583 earnings per share for the current year.

Insider Activity at Clarkson

In other news, insider Laurence Hollingworth bought 6,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were bought at an average price of GBX 2,965 ($39.39) per share, for a total transaction of £177,900 ($236,349.14). 11.81% of the stock is owned by company insiders.

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.

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