Clarkson (LON:CKN) Reaches New 12-Month Low – What’s Next?

Clarkson PLC (LON:CKNGet 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 %

The business’s 50 day simple moving average is GBX 4,079.96 and its two-hundred day simple moving average is GBX 3,899.82. The stock has a market cap of £1.07 billion, a P/E ratio of 12.91 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45.

Clarkson (LON:CKNGet 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

(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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