Citigroup Issues Pessimistic Forecast for Croda International (LON:CRDA) Stock Price

Key Points

• Citigroup has lowered its price target for Croda International from GBX 3,300 to GBX 3,050, maintaining a "neutral" rating on the stock, which suggests a potential upside of 6.31% from the current price.
• Other analysts have mixed ratings on Croda International, with Jefferies maintaining a "buy" rating at GBX 3,200, while Berenberg and Deutsche Bank have set lower targets of GBX 3,100 and GBX 3,000, respectively.
• In recent insider trading, executives bought shares at prices around GBX 2,550 and GBX 2,633, which indicates confidence in the company's future performance.

Croda International (LON:CRDA - Get Free Report) had its price target lowered by equities researchers at Citigroup from GBX 3,300 to GBX 3,050 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 6.31% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group restated a "buy" rating and set a GBX 3,200 price objective on shares of Croda International in a research note on Wednesday. Berenberg Bank dropped their price target on shares of Croda International from GBX 3,800 to GBX 3,100 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upgraded shares of Croda International to an "overweight" rating in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Croda International from GBX 3,400 to GBX 3,000 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,087.50.

Croda International Trading Up 1.1%

LON:CRDA opened at GBX 2,869 on Friday. The firm has a market capitalization of £4.00 billion, a P/E ratio of 1,862.99, a P/E/G ratio of 1.40 and a beta of 0.74. The business has a 50 day simple moving average of GBX 2,585.25 and a 200 day simple moving average of GBX 2,828.09. 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 2,426.77 and a 12-month high of GBX 4,325.

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

Insider Buying and Selling at Croda International

In related news, insider Danuta Gray bought 545 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of GBX 2,550 per share, for a total transaction of £13,897.50. Also, insider Chris Good purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average price of GBX 2,633 per share, with a total value of £26,330. Over the last quarter, insiders purchased 11,343 shares of company stock worth $29,823,659. 0.83% of the stock is owned by 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.

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