Clarkson PLC (LON:CKN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,910 ($38.02) and last traded at GBX 2,875 ($37.57), with a volume of 561 shares trading hands. The stock had previously closed at GBX 2,865 ($37.44).
Several research analysts have issued reports on CKN shares. JPMorgan Chase & Co. boosted their target price on Clarkson from GBX 2,787 ($36.42) to GBX 2,963 ($38.72) and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Liberum Capital restated a “buy” rating and set a GBX 3,200 ($41.81) target price on shares of Clarkson in a research report on Tuesday, August 20th.
The company’s 50 day moving average price is GBX 2,500.41 and its two-hundred day moving average price is GBX 2,469.80. The company has a quick ratio of 1.62, a current ratio of 1.63 and a debt-to-equity ratio of 15.26. The stock has a market cap of $871.13 million and a P/E ratio of 28.08.
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.
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