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Clarkson's (CKN) Buy Rating Reaffirmed at Canaccord Genuity Group

Clarkson logo with Industrials background

Clarkson (LON:CKN - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Canaccord Genuity Group in a research report issued on Tuesday, Marketbeat.com reports. They currently have a GBX 4,500 ($54.94) target price on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 7.53% from the company's previous close.

Clarkson Stock Performance

Shares of CKN traded down GBX 15 ($0.18) during mid-day trading on Tuesday, hitting GBX 4,185 ($51.09). 42,833 shares of the company traded hands, compared to its average volume of 533,937. Clarkson has a 1 year low of GBX 3,360 ($41.02) and a 1 year high of GBX 4,675 ($57.07). The company has a debt-to-equity ratio of 8.39, a quick ratio of 1.69 and a current ratio of 1.79. The stock has a 50-day moving average price of GBX 3,893.68 and a two-hundred day moving average price of GBX 3,882.74. The stock has a market cap of £1.28 billion, a price-to-earnings ratio of 1,561.57 and a beta of 1.12.

About Clarkson

(Get Free Report)

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.

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