Clarkson PLC (LON:CKN – Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 3,360 ($43.44) and last traded at GBX 3,405 ($44.02), with a volume of 60515 shares trading hands. The stock had previously closed at GBX 3,470 ($44.86).
Analysts Set New Price Targets
A number of brokerages have weighed in on CKN. Berenberg Bank reduced their target price on Clarkson from GBX 5,075 ($65.61) to GBX 4,800 ($62.06) and set a “buy” rating on the stock in a report on Tuesday, March 11th. Canaccord Genuity Group dropped their price objective on Clarkson from GBX 4,500 ($58.18) to GBX 4,000 ($51.71) and set a “buy” rating for the company in a research report on Wednesday, March 12th.
Read Our Latest Research Report on CKN
Clarkson Trading Up 2.2 %
Clarkson (LON:CKN – Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported GBX 286.90 ($3.71) earnings per share for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. As a group, analysts expect that Clarkson PLC will post 283.011583 EPS for the current year.
Clarkson Increases Dividend
The company 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 ($1.00) dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 2.19%. This is an increase from Clarkson’s previous dividend of $32.00. Clarkson’s dividend payout ratio is currently 38.70%.
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.
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