Clarkson (LON:CKN) Reaches New 1-Year Low - Here's Why

Clarkson PLC (LON:CKN - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as GBX 3,003.11 ($39.31) and last traded at GBX 3,023.09 ($39.57), with a volume of 124505 shares traded. The stock had previously closed at GBX 3,200 ($41.88).

Wall Street Analysts Forecast Growth

CKN has been the subject of several research reports. Canaccord Genuity Group cut their target price on Clarkson from GBX 4,500 ($58.90) to GBX 4,000 ($52.36) and set a "buy" rating for the company in a research note on Wednesday, March 12th. Berenberg Bank lowered their price objective on shares of Clarkson from GBX 5,075 ($66.43) to GBX 4,800 ($62.83) and set a "buy" rating for the company in a report on Tuesday, March 11th.

Clarkson Price Performance

The firm's fifty day moving average price is GBX 3,875.49 and its 200-day moving average price is GBX 3,866.06. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. The stock has a market cap of £1.01 billion, a P/E ratio of 12.15 and a beta of 1.12.

Clarkson (LON:CKN - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.76) earnings per share (EPS) for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. Analysts forecast that Clarkson PLC will post 283.011583 earnings per share for the current year.

Clarkson Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, May 8th will be given a dividend of GBX 77 ($1.01) per share. This is a positive change from Clarkson's previous dividend of $32.00. The ex-dividend date of this dividend is Thursday, May 8th. This represents a yield of 2.19%. Clarkson's dividend payout ratio is presently 38.70%.

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.