Clarkson (LON:CKN) Given New GBX 2,963 Price Target at JPMorgan Chase & Co.

Clarkson (LON:CKN) had its price target raised by JPMorgan Chase & Co. from GBX 2,787 ($36.42) to GBX 2,963 ($38.72) in a report published on Tuesday morning, Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Separately, Liberum Capital reiterated a buy rating on shares of Clarkson in a report on Monday.

Shares of CKN stock opened at GBX 2,355 ($30.77) on Tuesday. Clarkson has a 12 month low of GBX 1,834 ($23.96) and a 12 month high of GBX 2,915 ($38.09). The business’s 50 day moving average is GBX 2,553.20 and its two-hundred day moving average is GBX 2,462.42. The company has a market cap of $714.16 million and a PE ratio of 23.88.

The business also recently disclosed a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, September 5th will be paid a GBX 25 ($0.33) dividend. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 1.08%. Clarkson’s payout ratio is 1.03%.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners 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 arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts.

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