Clarkson (LON:CKN) Hits New 52-Week Low on Analyst Downgrade

Clarkson PLC (LON:CKN)’s stock price reached a new 52-week low during trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from GBX 4,500 to GBX 4,000. Canaccord Genuity Group currently has a buy rating on the stock. Clarkson traded as low as GBX 3,360 ($43.57) and last traded at GBX 3,445 ($44.68), with a volume of 390358 shares trading hands. The stock had previously closed at GBX 3,455 ($44.81).

Separately, Berenberg Bank dropped their price target on Clarkson from GBX 5,075 ($65.82) to GBX 4,800 ($62.25) and set a “buy” rating on the stock in a research note on Tuesday.

Clarkson Trading Down 0.1 %

The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45. The stock has a market capitalization of £1.11 billion, a price-to-earnings ratio of 13.42 and a beta of 1.12. The business has a 50 day simple moving average of GBX 4,242.80 and a 200-day simple moving average of GBX 3,917.26.

Clarkson (LON:CKN) last issued 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, equities analysts predict that Clarkson PLC will post 283.011583 earnings per share for the current year.

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.