Clarkson (LON:CKN) Downgraded to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Clarkson (LON:CKN – Get Rating) to a neutral rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have GBX 3,740 ($44.97) price objective on the stock, down from their prior price objective of GBX 4,050 ($48.70).

Clarkson Trading Up 3.6 %

Shares of CKN stock opened at GBX 3,305.52 ($39.75) on Tuesday. The company has a debt-to-equity ratio of 13.20, a current ratio of 1.70 and a quick ratio of 1.69. Clarkson has a 1-year low of GBX 2,440 ($29.34) and a 1-year high of GBX 3,945 ($47.44). The business’s fifty day moving average price is GBX 3,147.76 and its 200 day moving average price is GBX 2,962.50. The firm has a market capitalization of £1.01 billion, a PE ratio of 1,611.11 and a beta of 1.31.

Clarkson Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, May 11th will be issued a GBX 64 ($0.77) dividend. This represents a dividend yield of 1.94%. The ex-dividend date is Thursday, May 11th. This is a boost from Clarkson’s previous dividend of $29.00. Clarkson’s dividend payout ratio (DPR) is 4,343.43%.

About Clarkson

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Clarkson PLC provides integrated shipping services worldwide. The company operates through four segments: Broking, Financial, Support, and Research. The Broking segment offers services to ship owners 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.