Clarkson (LON:CKN) Receives Buy Rating from Berenberg Bank

Key Points

• Analysts at Berenberg Bank have reaffirmed Clarkson's stock rating as "buy," with a price target of GBX 4,250, indicating a potential upside of 25.57% from its current price.
• Deutsche Bank also maintained a "buy" rating for Clarkson, setting a price objective at GBX 4,150, while three analysts currently recommend the stock as a "buy".
• Clarkson's stock has experienced a 12-month range between a low of GBX 2,630 and a high of GBX 4,535, reflecting significant volatility in its performance.

Clarkson (LON:CKN - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Berenberg Bank in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 4,250 price objective on the stock. Berenberg Bank's price objective would suggest a potential upside of 22.83% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 4,150 price objective on shares of Clarkson in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 3,950.

Clarkson Price Performance

Shares of LON CKN traded up GBX 20 during midday trading on Tuesday, reaching GBX 3,460. The stock had a trading volume of 1,544,244 shares, compared to its average volume of 201,351. The company has a market capitalization of £1.06 billion, a price-to-earnings ratio of 1,419.20 and a beta of 1.12. Clarkson has a 12-month low of GBX 2,630 and a 12-month high of GBX 4,535. The stock has a 50-day moving average of GBX 3,469.52 and a 200-day moving average of GBX 3,482.39. The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79.

Clarkson (LON:CKN - Get Free Report) last released its earnings results on Monday, August 4th. The company reported GBX 98.60 earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. As a group, research analysts anticipate that Clarkson will post 283.011583 EPS for the current fiscal 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.