Clarkson (LON:CKN) Stock Rating Reaffirmed by Deutsche Bank Aktiengesellschaft

Clarkson (LON:CKN)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Marketbeat Ratings reports. They currently have a GBX 4,950 ($62.19) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 23.13% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Clarkson from GBX 4,080 ($51.26) to GBX 4,320 ($54.27) and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Canaccord Genuity Group increased their price objective on shares of Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the stock a “buy” rating in a report on Tuesday, March 5th.

Clarkson Stock Up 0.5 %

CKN stock opened at GBX 4,020 ($50.50) on Tuesday. 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 has a fifty-two week low of GBX 2,500 ($31.41) and a fifty-two week high of GBX 4,145 ($52.07). The firm’s 50-day simple moving average is GBX 3,958.29 and its 200 day simple moving average is GBX 3,445.28. The stock has a market cap of £1.23 billion, a PE ratio of 1,467.15 and a beta of 1.16.

Insider Activity at Clarkson

In related news, insider Jeff Woyda sold 18,773 shares of Clarkson stock in a transaction dated Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($51.19), for a total transaction of £764,999.75 ($961,054.96). Company insiders own 11.01% 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.