Clarkson (CKN) Price Target Lowered to GBX 2,787 at JPMorgan Chase & Co.

Clarkson (LON:CKN) had its price objective decreased by JPMorgan Chase & Co. from GBX 2,876 ($37.58) to GBX 2,787 ($36.42) in a research note issued to investors on Tuesday morning. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on the company. HSBC initiated coverage on Clarkson in a research report on Tuesday, February 12th. They issued a hold rating and a GBX 2,600 ($33.97) target price on the stock. Liberum Capital restated a buy rating on shares of Clarkson in a research report on Monday.

LON CKN opened at GBX 2,350 ($30.71) on Tuesday. The company has a market capitalization of $706.63 million and a PE ratio of 24.58. Clarkson has a 1-year low of GBX 1,834 ($23.96) and a 1-year high of GBX 3,455 ($45.15).

The company also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a GBX 51 ($0.67) dividend. This represents a dividend yield of 2.25%. The ex-dividend date is Thursday, May 16th. This is an increase from Clarkson’s previous dividend of $24.00. Clarkson’s dividend payout ratio (DPR) is 0.50%.

In other news, insider James Hughes-Hallett sold 663 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of GBX 2,111 ($27.58), for a total value of £13,995.93 ($18,288.16).

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided 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 arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts.

See Also: Special Dividends

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