Canaccord Genuity Group Reaffirms Buy Rating for Clarkson (LON:CKN)

Clarkson (LON:CKNGet Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research note issued on Tuesday, MarketBeat.com reports. They currently have a GBX 4,500 ($55.08) price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 5.63% from the company’s previous close.

Clarkson Price Performance

CKN opened at GBX 4,260 ($52.14) on Tuesday. The company has a debt-to-equity ratio of 8.39, a quick ratio of 1.69 and a current ratio of 1.79. The stock has a market capitalization of £1.31 billion, a PE ratio of 1,589.55 and a beta of 1.12. The stock’s 50 day moving average price is GBX 3,893.68 and its 200-day moving average price is GBX 3,882.74. Clarkson has a 52-week low of GBX 3,360 ($41.13) and a 52-week high of GBX 4,675 ($57.22).

About Clarkson

(Get Free Report)

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.

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