Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Clarkson (LON:CKN)

Clarkson (LON:CKN)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a report released on Tuesday, MarketBeat reports. They currently have a GBX 4,950 ($62.19) price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 23.13% from the company’s previous close.

A number of other research firms also recently weighed in on CKN. Canaccord Genuity Group upped their price target on Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of Clarkson from GBX 4,080 ($51.26) to GBX 4,320 ($54.27) and gave the stock an “overweight” rating in a research report on Tuesday, March 5th.

Clarkson Stock Performance

Shares of CKN stock opened at GBX 4,020 ($50.50) on Tuesday. The company has a market capitalization of £1.23 billion, a P/E ratio of 1,467.15 and a beta of 1.16. Clarkson has a 52 week low of GBX 2,500 ($31.41) and a 52 week high of GBX 4,145 ($52.07). The company has a debt-to-equity ratio of 9.46, a quick ratio of 1.69 and a current ratio of 1.59. The company’s 50 day moving average price is GBX 3,958.29 and its two-hundred day moving average price is GBX 3,445.28.

Insiders Place Their Bets

In other Clarkson news, insider Jeff Woyda sold 18,773 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($51.19), for a total transaction of £764,999.75 ($961,054.96). Insiders own 11.01% 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.