Croda International (LON:CRDA) Sets New 12-Month Low After Analyst Downgrade

Croda International Plc (LON:CRDA)’s share price reached a new 52-week low during trading on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 3,400 to GBX 3,000. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Croda International traded as low as GBX 2,545 ($33.74) and last traded at GBX 2,554 ($33.86), with a volume of 4746777 shares traded. The stock had previously closed at GBX 2,598 ($34.45).

Other equities analysts also recently issued research reports about the company. Citigroup cut their target price on Croda International from GBX 3,550 ($47.07) to GBX 3,300 ($43.75) and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Berenberg Bank cut their target price on Croda International from GBX 3,800 ($50.38) to GBX 3,100 ($41.10) and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. upgraded Croda International to an “overweight” rating in a research report on Wednesday.

Insider Buying and Selling

In related news, insider Tom Brophy acquired 54 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was acquired at an average cost of GBX 3,070 ($40.71) per share, with a total value of £1,657.80 ($2,198.09). Also, insider Stephen Oxley bought 3,762 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of GBX 2,671 ($35.42) per share, with a total value of £100,483.02 ($133,231.26). Insiders purchased a total of 5,046 shares of company stock valued at $13,930,982 over the last three months. Company insiders own 0.93% of the company’s stock.

Croda International Stock Up 0.1%

The company has a quick ratio of 2.25, a current ratio of 2.72 and a debt-to-equity ratio of 30.90. The firm has a 50 day simple moving average of GBX 2,985.88 and a 200-day simple moving average of GBX 3,033.44. The stock has a market cap of £3.64 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74.

Croda International (LON:CRDA) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 72.20 ($0.96) earnings per share (EPS) for the quarter. Croda International had a return on equity of 6.96% and a net margin of 9.98%. On average, equities research analysts forecast that Croda International Plc will post 181.8307268 earnings per share for the current fiscal year.

About Croda International

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world.