Clarkson (LON:CKN) Hits New 52-Week High at $4,145.00

Clarkson PLC (LON:CKN - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 4,145 ($52.06) and last traded at GBX 4,090.11 ($51.37), with a volume of 2091 shares traded. The stock had previously closed at GBX 4,075 ($51.18).

Wall Street Analysts Forecast Growth

Several research firms have commented on CKN. JPMorgan Chase & Co. boosted their target price on shares of Clarkson from GBX 4,080 ($51.24) to GBX 4,320 ($54.26) and gave the stock an "overweight" rating in a research report on Tuesday, March 5th. Canaccord Genuity Group boosted their price target on Clarkson from GBX 4,325 ($54.32) to GBX 4,500 ($56.52) and gave the company a "buy" rating in a report on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 4,950 ($62.17) price target on shares of Clarkson in a research note on Tuesday, May 7th.

Clarkson Price Performance

The firm has a market capitalization of £1.25 billion, a price-to-earnings ratio of 1,489.54 and a beta of 1.16. The company's 50 day moving average is GBX 3,978.39 and its 200 day moving average is GBX 3,491.02. The company has a quick ratio of 1.69, a current ratio of 1.59 and a debt-to-equity ratio of 9.46.

Clarkson Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be given a GBX 72 ($0.90) dividend. This represents a dividend yield of 1.96%. This is an increase from Clarkson's previous dividend of $30.00. The ex-dividend date of this dividend is Thursday, May 9th. Clarkson's payout ratio is presently 3,722.63%.

Insider Buying and Selling

In other Clarkson news, insider Jeff Woyda sold 18,773 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($51.18), for a total value of £764,999.75 ($960,813.55). In other Clarkson news, insider Andi Case sold 4,678 shares of the firm's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of GBX 4,000 ($50.24), for a total transaction of £187,120 ($235,016.33). Also, insider Jeff Woyda sold 18,773 shares of the company's stock in a transaction on Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($51.18), for a total transaction of £764,999.75 ($960,813.55). 11.01% of the stock is currently owned by company 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.