Clarkson (LON:CKN) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Clarkson (LON:CKN) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. They currently have a GBX 3,450 ($45.77) target price on the stock.

Separately, Berenberg Bank lowered their price target on shares of Clarkson from GBX 5,075 ($67.33) to GBX 4,800 ($63.68) and set a “buy” rating for the company in a report on Tuesday, March 11th.

Clarkson Price Performance

Shares of LON:CKN opened at GBX 3,190 ($42.32) on Friday. The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79. Clarkson has a 52 week low of GBX 2,630 ($34.89) and a 52 week high of GBX 4,675 ($62.02). The firm has a market cap of £982.66 million, a PE ratio of 11.87 and a beta of 1.12. The firm’s fifty day moving average is GBX 3,516.24 and its 200-day moving average is GBX 3,818.59.

Clarkson (LON:CKN) last released its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.81) EPS for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. Sell-side analysts predict that Clarkson will post 283.011583 earnings per share for the current year.

Clarkson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, May 8th will be paid a GBX 77 ($1.02) dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 2.19%. This is a positive change from Clarkson’s previous dividend of $32.00. Clarkson’s payout ratio is currently 38.70%.

Insiders Place Their Bets

In other news, insider Laurence Hollingworth bought 6,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average cost of GBX 2,965 ($39.33) per share, with a total value of £177,900 ($236,004.25). Corporate insiders own 11.81% of the company’s stock.

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.