Clarkson's (CKN) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has reaffirmed its "buy" rating for Clarkson, setting a price target of GBX 4,150 ($55.16), indicating a potential upside of 13.80% from the current stock price.
• Other analysts, including Canaccord Genuity and Berenberg Bank, have also issued "buy" ratings for Clarkson, with price targets of GBX 3,450 ($45.85) and GBX 4,250 ($56.49) respectively.
• Clarkson's quarterly earnings showed a net margin of 13.10% and earnings per share of GBX 98.60 ($1.31), with an expected EPS of 283.01 for the current year.

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Clarkson (LON:CKN - Free Report) in a report published on Tuesday, MarketBeat Ratings reports. They currently have a GBX 4,150 ($55.82) price objective on the stock.

CKN has been the topic of a number of other research reports. Berenberg Bank dropped their target price on Clarkson from GBX 4,800 ($64.56) to GBX 4,250 ($57.16) and set a "buy" rating on the stock in a research report on Tuesday. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 3,450 ($46.40) price objective on shares of Clarkson in a report on Friday, May 2nd.

Clarkson Trading Down 0.3%

Shares of Clarkson stock traded down GBX 9.28 ($0.12) on Tuesday, hitting GBX 3,615.72 ($48.63). 44,483 shares of the company's stock traded hands, compared to its average volume of 210,046. Clarkson has a one year low of GBX 2,630 ($35.37) and a one year high of GBX 4,535 ($61.00). The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. The stock has a market capitalization of £1.11 billion, a PE ratio of 13.45 and a beta of 1.12. The firm's 50-day moving average price is GBX 3,383.86 and its two-hundred day moving average price is GBX 3,592.29.

Clarkson (LON:CKN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported GBX 98.60 ($1.33) earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. On average, research analysts expect that Clarkson will post 283.011583 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Constantin Cotzias purchased 742 shares of Clarkson stock in a transaction dated Tuesday, May 20th. The shares were bought at an average cost of GBX 3,549 ($47.73) per share, for a total transaction of £26,333.58 ($35,418.40). 11.81% of the stock is currently owned by insiders.

Clarkson Company Profile

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.