Clarkson (LON:CKN) Stock Price Down 17.9% – What’s Next?

Clarkson PLC (LON:CKN)’s stock price traded down 17.9% during trading on Monday . The company traded as low as GBX 3,535 ($45.70) and last traded at GBX 3,620 ($46.79). 425,610 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 421,359 shares. The stock had previously closed at GBX 4,409.50 ($57.00).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 4,500 ($58.17) price target on shares of Clarkson in a report on Tuesday, January 14th.

Clarkson Stock Down 17.4 %

The company’s 50 day moving average is GBX 4,267.41 and its 200 day moving average is GBX 3,924.67. The company has a market cap of £1.12 billion, a PE ratio of 13.55 and a beta of 1.12. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45.

Clarkson (LON:CKN) last posted its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.71) earnings per share (EPS) for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. As a group, analysts predict that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

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.