Clarkson (LON:CKN) Sets New 1-Year Low Following Analyst Downgrade

Clarkson PLC (LON:CKN) shares hit a new 52-week low 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 traded. The stock had previously closed at GBX 3,455 ($44.81).

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

Clarkson Stock Down 0.3 %

The firm has a market cap of £1.11 billion, a PE ratio of 13.40 and a beta of 1.12. The company has a 50-day simple moving average of GBX 4,242.80 and a 200-day simple moving average 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.

Clarkson (LON:CKN) last announced its quarterly earnings data on Monday, March 10th. The company reported GBX 286.90 ($3.72) EPS for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. Analysts expect that Clarkson PLC will post 283.011583 earnings per share for the current fiscal 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.