Canaccord Genuity Group Lowers Clarkson (LON:CKN) Price Target to GBX 4,000

Clarkson (LON:CKN - Get Free Report) had its target price lowered by equities researchers at Canaccord Genuity Group from GBX 4,500 ($58.17) to GBX 4,000 ($51.71) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 10.04% from the stock's current price.

Separately, Berenberg Bank cut their price target on shares of Clarkson from GBX 5,075 ($65.60) to GBX 4,800 ($62.05) and set a "buy" rating for the company in a report on Tuesday, March 11th.

Clarkson Price Performance

CKN remained flat at GBX 3,635 ($46.99) on Wednesday. 52,995 shares of the company traded hands, compared to its average volume of 400,922. The firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of 13.53 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. Clarkson has a 1-year low of GBX 3,345 ($43.24) and a 1-year high of GBX 4,675 ($60.43). The company has a 50 day moving average of GBX 4,231.86 and a 200-day moving average of GBX 3,914.04.

Clarkson (LON:CKN - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.71) earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. Equities research analysts expect that Clarkson will post 283.011583 earnings per share for the current fiscal 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.