Canaccord Genuity Group Lowers Clarkson (LON:CKN) Price Target to GBX 4,000

Clarkson (LON:CKN) had its price objective cut by Canaccord Genuity Group from GBX 4,500 ($58.29) to GBX 4,000 ($51.81) in a research note issued on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 10.80% from the company’s previous close.

Separately, Berenberg Bank lowered their price objective on shares of Clarkson from GBX 5,075 ($65.74) to GBX 4,800 ($62.18) and set a “buy” rating for the company in a research report on Tuesday.

Clarkson Stock Performance

Shares of CKN stock opened at GBX 3,610 ($46.76) on Wednesday. The stock has a market cap of £1.11 billion, a price-to-earnings ratio of 13.43 and a beta of 1.12. The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79. The firm has a fifty day moving average of GBX 4,237.10 and a 200-day moving average of GBX 3,915.13. Clarkson has a 52-week low of GBX 3,345 ($43.33) and a 52-week high of GBX 4,675 ($60.56).

Clarkson (LON:CKN) last announced its earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.72) earnings per share (EPS) for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. On average, equities research analysts forecast that Clarkson will post 283.011583 earnings per share for the current fiscal year.

About Clarkson

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.