Clarkson (LON:CKN) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Clarkson (LON:CKN) in a research report sent to investors on Tuesday, Marketbeat reports. They currently have a GBX 4,950 ($62.19) target price on the stock.

Several other brokerages also recently issued reports on CKN. Canaccord Genuity Group boosted their price target on shares of Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the company a buy rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of Clarkson from GBX 4,080 ($51.26) to GBX 4,320 ($54.27) and gave the company an overweight rating in a report on Tuesday, March 5th.

Clarkson Stock Performance

Shares of CKN opened at GBX 4,039.90 ($50.75) on Tuesday. Clarkson has a 1 year low of GBX 2,500 ($31.41) and a 1 year high of GBX 4,145 ($52.07). The company has a market cap of £1.24 billion, a price-to-earnings ratio of 1,459.85 and a beta of 1.16. 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 firm has a fifty day moving average of GBX 3,949.59 and a 200-day moving average of GBX 3,441.23.

Clarkson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, May 9th will be issued a GBX 72 ($0.90) dividend. The ex-dividend date is Thursday, May 9th. This represents a yield of 1.96%. This is an increase from Clarkson’s previous dividend of $30.00. Clarkson’s dividend payout ratio is presently 3,722.63%.

Insider Buying and Selling

In related news, insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of GBX 4,075 ($51.19), for a total value of £764,999.75 ($961,054.96). Corporate insiders own 11.01% of the company’s stock.

About Clarkson

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.