Clarkson (LON:CKN) Shares Down 17.9% - What's Next?

Clarkson PLC (LON:CKN - Get Free Report)'s stock price fell 17.9% on Monday . The stock traded as low as GBX 3,535 ($45.84) and last traded at GBX 3,620 ($46.95). 425,610 shares changed hands during trading, an increase of 1% from the average session volume of 421,359 shares. The stock had previously closed at GBX 4,409.50 ($57.18).

Analyst Ratings Changes

A number of research analysts recently issued reports on CKN shares. Berenberg Bank dropped their price objective on shares of Clarkson from GBX 5,075 ($65.82) to GBX 4,800 ($62.25) and set a "buy" rating for the company in a report on Tuesday. Canaccord Genuity Group dropped their price target on shares of Clarkson from GBX 4,500 ($58.36) to GBX 4,000 ($51.87) and set a "buy" rating for the company in a research note on Wednesday.

Clarkson Price Performance

The stock has a 50-day moving average price of GBX 4,242.80 and a 200-day moving average price of GBX 3,917.26. 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 company has a market capitalization of £1.11 billion, a P/E ratio of 13.43 and a beta of 1.12.

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