Clarkson (LON:CKN) Reaches New 12-Month High - Should You Buy?

Key Points

• Clarkson hit a new 52-week high, trading intraday up to GBX 4,610 (last GBX 4,539.50) on strong volume, pushing the share price above the stock's average analyst target of GBX 4,262.50.
• Analysts are broadly bullish: Canaccord raised its target to GBX 4,400 with a "Buy" and four analysts in total rate the stock as a Buy, giving a consensus rating of "Buy".
• Fundamentals show decent profitability and liquidity (P/E 18.7, ROE 15.29%, net margin 11.59%, current ratio 2.19) but a very high debt-to-equity ratio (8.91) signals significant leverage risk.

Clarkson PLC (LON:CKN - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as GBX 4,610 and last traded at GBX 4,539.50, with a volume of 1678851 shares. The stock had previously closed at GBX 4,405.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price objective on Clarkson from GBX 4,000 to GBX 4,400 and gave the company a "buy" rating in a research note on Monday, January 12th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 4,262.50.

Clarkson Stock Up 1.0%

The company has a current ratio of 2.19, a quick ratio of 1.69 and a debt-to-equity ratio of 8.91. The stock's 50-day moving average price is GBX 4,138.19 and its 200-day moving average price is GBX 3,798.27. The company has a market cap of £1.41 billion, a P/E ratio of 18.70 and a beta of 0.89.

Clarkson (LON:CKN - Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The company reported GBX 225.80 earnings per share for the quarter. Clarkson had a return on equity of 15.29% and a net margin of 11.59%. As a group, research analysts forecast that Clarkson PLC will post 283.011583 EPS for the current year.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.