Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Clarkson (LON:CKN – Free Report) in a research note published on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 4,950 ($62.19) price target on the stock.
A number of other research analysts have also recently issued reports on CKN. JPMorgan Chase & Co. boosted their price objective 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. Canaccord Genuity Group lifted their price objective 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 research report on Tuesday, March 5th.
Read Our Latest Analysis on CKN
Clarkson Stock Performance
Clarkson Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 9th will be issued a dividend of GBX 72 ($0.90) per share. This is a positive change from Clarkson’s previous dividend of $30.00. This represents a yield of 1.96%. The ex-dividend date is Thursday, May 9th. Clarkson’s payout ratio is currently 3,722.63%.
Insider Activity
In related news, insider Jeff Woyda sold 18,773 shares of Clarkson stock in a transaction on 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). In other news, insider Andi Case sold 4,678 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of GBX 4,000 ($50.25), for a total value of £187,120 ($235,075.38). Also, insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($51.19), for a total value of £764,999.75 ($961,054.96). 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.
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