Croda International (LON:CRDA) Sets New 1-Year High - Here's Why

Key Points

• Croda International shares reached a new 52-week high of GBX 3,683 and were last trading at GBX 3,681, up 1.3% from the prior close.
• Analyst sentiment is positive overall, with three Buy ratings and two Holds, resulting in a consensus “Moderate Buy” rating. However, the average price target of GBX 3,490 is below the current share price.
• The specialty chemicals company reported quarterly EPS of GBX 72.20, while analysts expect full-year EPS of approximately GBX 181.83.

Croda International Plc (LON:CRDA - Get Free Report)'s share price hit a new 52-week high during trading on Monday. The stock traded as high as GBX 3,683 and last traded at GBX 3,681, with a volume of 250,096 shares changing hands. The stock had previously closed at GBX 3,642.

Analyst Upgrades and Downgrades

CRDA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 3,300 price target on shares of Croda International in a research note on Wednesday, July 29th. Citigroup lifted their price target on shares of Croda International from GBX 3,050 to GBX 3,200 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 4,000 target price on shares of Croda International in a research report on Friday, September 25th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 3,600 price objective on shares of Croda International in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,490.

Croda International Trading Up 1.3%

The firm has a market capitalization of £5.14 billion, a price-to-earnings ratio of 64.85, a PEG ratio of 1.40 and a beta of 0.92. The company has a fifty day moving average price of GBX 3,392.41 and a two-hundred day moving average price of GBX 3,055.30. The company has a current ratio of 2.57, a quick ratio of 2.25 and a debt-to-equity ratio of 36.06.

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%. As a group, research analysts forecast that Croda International Plc will post 181.83 earnings per share for the current fiscal year.

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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