Croda International (LON:CRDA) Reaches New 12-Month High – Time to Buy?

Croda International Plc (LON:CRDA)’s stock price hit a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 3,643 and last traded at GBX 3,641, with a volume of 11,530,211 shares traded. The stock had previously closed at GBX 3,623.

Analyst Ratings Changes

CRDA has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,000 price target on shares of Croda International in a report on Friday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 3,300 price objective on shares of Croda International in a report on Wednesday, July 29th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,600 target price on shares of Croda International in a research report on Wednesday, July 29th. Finally, Citigroup upped their target price on shares of Croda International from GBX 3,050 to GBX 3,200 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 3,490.

Croda International Stock Performance

The company has a market capitalization of £5.09 billion, a P/E ratio of 64.13, a P/E/G ratio of 1.40 and a beta of 0.92. The stock’s 50-day moving average price is GBX 3,318.22 and its 200-day moving average price is GBX 3,096. 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) last issued its earnings results on Tuesday, July 28th. The company reported GBX 72.20 earnings per share (EPS) for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. As a group, equities analysts expect that Croda International Plc will post 181.83 EPS for the current year.

Insider Buying and Selling at Croda International

In other news, insider Stephen Oxley sold 1,339 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total transaction of £43,035.46. In the last 90 days, insiders purchased 34 shares of company stock worth $113,072. 0.84% of the stock is currently owned by corporate insiders.

Croda International Company Profile

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.