Clarkson (LON:CKN) Hits New 1-Year Low – Here’s Why

Clarkson PLC (LON:CKN)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 3,360 ($43.44) and last traded at GBX 3,405 ($44.03), with a volume of 60515 shares changing hands. The stock had previously closed at GBX 3,470 ($44.87).

Wall Street Analyst Weigh In

CKN has been the subject of several recent analyst reports. Berenberg Bank lowered their target price on shares of Clarkson from GBX 5,075 ($65.62) to GBX 4,800 ($62.06) and set a “buy” rating for the company in a research note on Tuesday, March 11th. Canaccord Genuity Group dropped their target price on Clarkson from GBX 4,500 ($58.18) to GBX 4,000 ($51.72) and set a “buy” rating for the company in a research note on Wednesday, March 12th.

Clarkson Stock Performance

The stock’s 50 day simple moving average is GBX 4,114.76 and its two-hundred day simple moving average is GBX 3,902.74. The company has a market cap of £1.05 billion, a PE ratio of 12.67 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45.

Clarkson (LON:CKN) last issued its earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.71) 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, research analysts anticipate that Clarkson PLC will post 283.011583 earnings per share for the current year.

Clarkson Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, May 8th will be issued a dividend of GBX 77 ($1.00) per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 2.19%. This is a boost from Clarkson’s previous dividend of $32.00. Clarkson’s payout ratio is presently 38.70%.

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.