Berenberg Bank Lowers Clarkson (LON:CKN) Price Target to GBX 4,800

Clarkson (LON:CKN) had its price target lowered by research analysts at Berenberg Bank from GBX 5,075 ($65.82) to GBX 4,800 ($62.25) in a research note issued on Tuesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 32.96% from the company’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 4,500 ($58.36) price objective on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Stock Performance

Shares of LON CKN opened at GBX 3,610 ($46.82) on Tuesday. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. The stock’s fifty day moving average price is GBX 4,242.80 and its two-hundred day moving average price is GBX 3,917.26. Clarkson has a one year low of GBX 3,345 ($43.38) and a one year high of GBX 4,675 ($60.63). The firm has a market cap of £1.11 billion, a price-to-earnings ratio of 13.43 and a beta of 1.12.

Clarkson (LON:CKN) last released its earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.72) earnings per share (EPS) for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. On average, equities analysts forecast that Clarkson will post 283.011583 EPS for the current year.

Clarkson Company Profile

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.