Clarkson (LON:CKN) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Clarkson (LON:CKN) had its price target hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 4,950 to GBX 5,300 in a research note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 3.11% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Berenberg Bank raised their price target on Clarkson from GBX 5,250 to GBX 5,925 and gave the stock a “buy” rating in a research note on Tuesday. Canaccord Genuity Group raised Clarkson to a “hold” rating and boosted their price target for the company from GBX 4,400 to GBX 4,650 in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,031.25.

Clarkson Stock Up 0.7%

CKN stock opened at GBX 5,140 on Tuesday. Clarkson has a 12-month low of GBX 3,365 and a 12-month high of GBX 5,485. The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 10.66. The company has a market cap of £1.58 billion, a price-to-earnings ratio of 24.14 and a beta of 0.70. The company has a 50 day moving average of GBX 4,582.04 and a two-hundred day moving average of GBX 4,530.80.

Clarkson (LON:CKN) last announced its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 earnings per share (EPS) for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. On average, equities analysts anticipate that Clarkson will post 283.011583 earnings per share for the current fiscal year.

Insider Transactions at Clarkson

In related news, insider Constantin Cotzias acquired 1,127 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average cost of GBX 4,412 per share, with a total value of £49,723.24. Also, insider Jeff Woyda sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total value of £2,866,800. Corporate insiders own 5.37% of the company’s stock.

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. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.