Clarkson (LON:CKN) Hits New 52-Week High at $4,100.00

Shares of Clarkson PLC (LON:CKN - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 4,100 ($51.89) and last traded at GBX 4,074.84 ($51.57), with a volume of 1328 shares. The stock had previously closed at GBX 4,065 ($51.45).

Analysts Set New Price Targets

Several research firms have recently weighed in on CKN. JPMorgan Chase & Co. boosted their target price on Clarkson from GBX 4,080 ($51.64) to GBX 4,320 ($54.68) and gave the company an "overweight" rating in a report on Tuesday, March 5th. Canaccord Genuity Group boosted their price objective on Clarkson from GBX 4,325 ($54.74) to GBX 4,500 ($56.95) and gave the company a "buy" rating in a research note on Tuesday, March 5th.

Clarkson Trading Down 0.2 %

The company has a market capitalization of £1.25 billion, a price-to-earnings ratio of 1,488.99 and a beta of 1.16. The business's 50 day simple moving average is GBX 3,729.49 and its 200 day simple moving average is GBX 3,236.34. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.59 and a quick ratio of 1.69.

Clarkson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 72 ($0.91) per share. This represents a yield of 1.96%. This is a boost from Clarkson's previous dividend of $30.00. The ex-dividend date of this dividend is Thursday, May 9th. Clarkson's dividend payout ratio (DPR) is presently 3,736.26%.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company operates through four segments: Broking, Financial, Support, and Research. The 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.