Croda International (LON:CRDA) Given New GBX 3,100 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank has raised the price target for Croda International from GBX 3,000 to GBX 3,100, indicating a potential upside of 9.62% from the current price.
• Croda International's stock has received mixed ratings from analysts, with three rating it a Buy and two a Hold, contributing to a consensus rating of Moderate Buy.
• The company's stock opened at GBX 2,828, down 2.4%, and insiders have recently purchased shares, indicating potential confidence in the company's future performance.

Croda International (LON:CRDA - Get Free Report) had its target price raised by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 3,000 to GBX 3,100 in a note issued to investors on Thursday,Digital Look reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 9.62% from the company's current price.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of Croda International to an "overweight" rating in a research report on Wednesday, July 30th. Citigroup reduced their target price on Croda International from GBX 3,300 to GBX 3,050 and set a "neutral" rating on the stock in a research report on Friday, October 3rd. Jefferies Financial Group decreased their price target on Croda International from GBX 3,200 to GBX 3,100 and set a "buy" rating on the stock in a research note on Friday. Finally, Berenberg Bank raised their price objective on Croda International from GBX 3,100 to GBX 3,300 and gave the stock a "buy" rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Croda International currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,137.50.

Croda International Stock Down 2.4%

LON CRDA opened at GBX 2,828 on Thursday. The business's fifty day simple moving average is GBX 2,611.45 and its 200-day simple moving average is GBX 2,817.31. The company has a quick ratio of 2.25, a current ratio of 2.72 and a debt-to-equity ratio of 30.90. The firm has a market cap of £3.95 billion, a PE ratio of 1,836.36, a P/E/G ratio of 1.40 and a beta of 0.74. Croda International has a 52 week low of GBX 2,426.77 and a 52 week high of GBX 3,821.

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

Insiders Place Their Bets

In other news, insider Jacqui Ferguson acquired 393 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of GBX 2,524 per share, for a total transaction of £9,919.32. Also, insider Danuta Gray bought 545 shares of the company's stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of GBX 2,550 per share, with a total value of £13,897.50. In the last three months, insiders acquired 11,333 shares of company stock valued at $29,793,789. Insiders own 0.83% of the company's stock.

Croda International Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.