Clarkson (LON:CKN) Rating Increased to Hold at Canaccord Genuity Group

Key Points

• Canaccord Genuity upgraded Clarkson to a "Hold" and raised its target to GBX 4,650 (from GBX 4,400), which the broker says implies roughly a 4.24% downside from the current share price.
• Analyst consensus remains positive: three analysts rate the stock "Buy" and one "Hold," giving a consensus target of GBX 4,775, with Berenberg and Deutsche Bank recently lifting targets to GBX 5,250 and GBX 4,950 respectively.
• Recent trading and insider activity: shares traded at GBX 4,856 (down ~0.4%) with a market cap of £1.49bn and a P/E of 22.8; insider Constantin Cotzias bought 1,097 shares at GBX 4,624, and insiders own 5.57% of the company.

Clarkson (LON:CKN - Get Free Report) was upgraded by research analysts at Canaccord Genuity Group to a "hold" rating in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a GBX 4,650 target price on the stock, up from their prior target price of GBX 4,400. Canaccord Genuity Group's price objective would suggest a potential downside of 4.24% from the stock's current price.

Several other equities research analysts have also recently weighed in on the company. Berenberg Bank boosted their target price on Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a "buy" rating in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Clarkson from GBX 4,850 to GBX 4,950 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 4,775.

Clarkson Stock Down 0.4%

Shares of Clarkson stock traded down GBX 19.75 on Friday, reaching GBX 4,856. 51,234 shares of the company were exchanged, compared to its average volume of 226,815. Clarkson has a 1-year low of GBX 3,170 and a 1-year high of GBX 4,992. The company has a market cap of £1.49 billion, a P/E ratio of 22.81 and a beta of 0.72. The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. The stock's 50 day moving average price is GBX 4,650.76 and its 200-day moving average price is GBX 4,135.02.

Clarkson (LON:CKN - Get Free Report) last announced its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. As a group, equities analysts forecast that Clarkson will post 283.011583 EPS for the current year.

Insiders Place Their Bets

In other Clarkson news, insider Constantin Cotzias bought 1,097 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of GBX 4,624 per share, for a total transaction of £50,725.28. 5.57% of the stock is currently owned by 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. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.

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