Clarkson PLC (CKN.L) (LON:CKN) was downgraded by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell to a “neutral” rating in a research report issued to clients and investors on Tuesday, AnalystRatings.net reports. They presently have a GBX 2,960 ($38.67) price target on the stock, up from their previous price target of GBX 2,920 ($38.15). Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s target price indicates a potential upside of 4.78% from the stock’s previous close.
Shares of LON:CKN opened at GBX 2,825 ($36.91) on Tuesday. Clarkson PLC has a 12 month low of GBX 1,936 ($25.29) and a 12 month high of GBX 3,135 ($40.96). The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 16.39. The company’s fifty day simple moving average is GBX 2,635.55 and its 200 day simple moving average is GBX 2,396.46. The firm has a market cap of £858.80 million and a price-to-earnings ratio of -74.93.
In related news, insider Laurence Hollingworth acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of GBX 2,230 ($29.14) per share, for a total transaction of £111,500 ($145,675.46).
Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment provides services to ship owners 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.
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