Clarkson (LON:CKN) Hits New 52-Week High at $4,145.00

Clarkson PLC (LON:CKN)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 4,145 ($51.60) and last traded at GBX 4,115 ($51.23), with a volume of 18975 shares trading hands. The stock had previously closed at GBX 4,100 ($51.04).

Analyst Ratings Changes

CKN has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Clarkson from GBX 4,080 ($50.79) to GBX 4,320 ($53.78) and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group raised their price target on shares of Clarkson from GBX 4,325 ($53.84) to GBX 4,500 ($56.02) and gave the company a “buy” rating in a research note on Tuesday, March 5th.

Clarkson Price Performance

The company has a debt-to-equity ratio of 9.46, a quick ratio of 1.69 and a current ratio of 1.59. The stock’s 50 day simple moving average is GBX 3,805.19 and its two-hundred day simple moving average is GBX 3,299.08. The firm has a market capitalization of £1.23 billion, a PE ratio of 1,463.50 and a beta of 1.16.

Clarkson Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 9th will be paid a GBX 72 ($0.90) dividend. This represents a yield of 1.96%. This is a positive change from Clarkson’s previous dividend of $30.00. The ex-dividend date of this dividend is Thursday, May 9th. Clarkson’s dividend payout ratio (DPR) is 3,722.63%.

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.