Croda International (LON:CRDA) Sets New 52-Week High – Here’s What Happened

Croda International Plc (LON:CRDA)’s stock price reached a new 52-week high on Monday. The stock traded as high as GBX 3,683 and last traded at GBX 3,681, with a volume of 250,096 shares trading hands. The stock had previously closed at GBX 3,642.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup increased their price target on Croda International from GBX 3,050 to GBX 3,200 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a GBX 4,000 price objective on shares of Croda International in a research note on Friday, September 25th. Berenberg Bank reaffirmed 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, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,300 target price on shares of Croda International in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Croda International 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 quick ratio of 2.25, a current ratio of 2.57 and a debt-to-equity ratio of 36.06. The company has a 50 day moving average of GBX 3,400.47 and a 200 day moving average of GBX 3,064.45. The firm has a market cap of £5.04 billion, a price-to-earnings ratio of 63.57, a PEG ratio of 1.40 and a beta of 0.92.

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.