Clarkson (LON:CKN) Sets New 12-Month Low – Here’s Why

Clarkson PLC (LON:CKN) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 3,003.11 ($38.71) and last traded at GBX 3,023.09 ($38.97), with a volume of 124505 shares trading hands. The stock had previously closed at GBX 3,200 ($41.25).

Analyst Ratings Changes

A number of research firms have recently weighed in on CKN. Canaccord Genuity Group cut their price objective on shares of Clarkson from GBX 4,500 ($58.00) to GBX 4,000 ($51.56) and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Berenberg Bank cut their price target on Clarkson from GBX 5,075 ($65.42) to GBX 4,800 ($61.87) and set a “buy” rating on the stock in a research report on Tuesday, March 11th.

Clarkson Trading Down 5.6 %

The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45. The firm has a market cap of £930.30 million, a PE ratio of 11.24 and a beta of 1.12. The company has a 50-day simple moving average of GBX 4,026.96 and a 200 day simple moving average of GBX 3,892.73.

Clarkson (LON:CKN) last announced its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.70) earnings per share for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. As a group, sell-side analysts forecast that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

Clarkson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, May 8th will be given a dividend of GBX 77 ($0.99) per share. The ex-dividend date is Thursday, May 8th. This is a boost from Clarkson’s previous dividend of $32.00. This represents a yield of 2.19%. Clarkson’s dividend payout ratio is currently 38.70%.

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.