Croda International (LON:CRDA) Hits New 1-Year High - What's Next?

Key Points

• Croda International reached a new 52-week high, trading as high as GBX 3,359 and last changing hands at GBX 3,336.50, up 0.7% during the session.
• Analyst sentiment remains favorable, with three Buy ratings and two Holds; the stock has a “Moderate Buy” consensus and an average price target of GBX 3,390.
• The company reported quarterly EPS of GBX 72.20, while valuation metrics include a market capitalization of £4.68 billion and a P/E ratio of 59.00. An insider also sold 1,339 shares for approximately £43,035.

Croda International Plc (LON:CRDA - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 3,359 and last traded at GBX 3,336.50, with a volume of 395589 shares trading hands. The stock had previously closed at GBX 3,335.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 3,600 price target on shares of Croda International in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 3,300 target price on shares of Croda International in a research report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,500 target price on shares of Croda International in a report on Wednesday, July 29th. Finally, Citigroup upped their price target on Croda International from GBX 3,050 to GBX 3,200 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 3,390.

Croda International Stock Up 0.7%

The stock has a market cap of £4.68 billion, a price-to-earnings ratio of 59.00, a P/E/G ratio of 1.40 and a beta of 0.92. The company has a current ratio of 2.57, a quick ratio of 2.25 and a debt-to-equity ratio of 36.06. The stock's 50-day moving average price is GBX 3,086.98 and its 200-day moving average price is GBX 2,962.73.

Croda International (LON:CRDA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 72.20 earnings per share for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. On average, sell-side analysts expect that Croda International Plc will post 181.8307268 earnings per share for the current year.

Insider Activity at Croda International

In related news, insider Stephen Oxley sold 1,339 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total transaction of £43,035.46. In the last 90 days, insiders bought 35 shares of company stock worth $107,620. 0.83% of the stock is owned by corporate insiders.

About Croda International

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. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.

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