Croda International (LON:CRDA) Price Target Lowered to GBX 3,000 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered the price target for Croda International from GBX 3,400 to GBX 3,000, maintaining a "hold" rating, which suggests a potential upside of 14.22% from the previous close.
• Other analysts have also adjusted their price targets, with Citigroup setting a new target of GBX 3,300 and Berenberg Bank adjusting theirs to GBX 3,100 while maintaining differing ratings.
• Insiders have been actively buying shares, with significant purchases made by Tom Brophy and Stephen Oxley, totaling over £100,000 in value, indicating confidence in the company's prospects.

Croda International (LON:CRDA - Get Free Report) had its target price cut by analysts at Deutsche Bank Aktiengesellschaft from GBX 3,400 ($45.13) to GBX 3,000 ($39.82) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 14.20% from the company's previous close.

Several other equities analysts have also weighed in on CRDA. Citigroup dropped their price objective on shares of Croda International from GBX 3,550 ($47.12) to GBX 3,300 ($43.80) and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Berenberg Bank dropped their price objective on shares of Croda International from GBX 3,800 ($50.44) to GBX 3,100 ($41.15) and set a "buy" rating on the stock in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upgraded shares of Croda International to an "overweight" rating in a report on Wednesday.

Croda International Price Performance

Shares of LON CRDA traded up GBX 15 ($0.20) during midday trading on Tuesday, reaching GBX 2,627 ($34.87). 536,042 shares of the company were exchanged, compared to its average volume of 1,088,552. The stock's 50-day moving average price is GBX 2,967.84 and its 200-day moving average price is GBX 3,024.91. The stock has a market cap of £3.67 billion, a P/E ratio of 22.57, a PEG ratio of 1.40 and a beta of 0.74. Croda International has a one year low of GBX 2,527 ($33.54) and a one year high of GBX 4,335 ($57.54). The company has a quick ratio of 2.25, a current ratio of 2.72 and a debt-to-equity ratio of 30.90.

Croda International (LON:CRDA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported GBX 72.20 ($0.96) earnings per share for the quarter. Croda International had a net margin of 9.98% and a return on equity of 6.96%. On average, sell-side analysts anticipate that Croda International will post 181.8307268 earnings per share for the current fiscal year.

Insider Buying and Selling at Croda International

In other Croda International news, insider Stephen Oxley bought 3,762 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of GBX 2,671 ($35.45) per share, for a total transaction of £100,483.02 ($133,372.74). Also, insider Danuta Gray bought 1,300 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of GBX 2,600 ($34.51) per share, for a total transaction of £33,800 ($44,863.29). Over the last 90 days, insiders have purchased 6,346 shares of company stock worth $17,310,982. 0.93% of the stock is currently owned by insiders.

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.