Canaccord Genuity Group Reiterates “Buy” Rating for Clarkson (LON:CKN)

Clarkson (LON:CKN)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a GBX 4,500 ($55.08) target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 5.63% from the stock’s current price.

Clarkson Trading Up 1.8 %

Shares of CKN stock opened at GBX 4,260 ($52.14) on Tuesday. The company has a debt-to-equity ratio of 8.39, a current ratio of 1.79 and a quick ratio of 1.69. Clarkson has a 1 year low of GBX 3,360 ($41.13) and a 1 year high of GBX 4,675 ($57.22). The stock has a market capitalization of £1.31 billion, a price-to-earnings ratio of 1,589.55 and a beta of 1.12. The company’s fifty day simple moving average is GBX 3,893.68 and its two-hundred day simple moving average is GBX 3,882.74.

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.