JPMorgan Chase & Co. Raises Clarkson (CKN) Price Target to GBX 3,427

Clarkson (LON:CKN) had its price target boosted by investment analysts at JPMorgan Chase & Co. from GBX 3,223 ($45.26) to GBX 3,427 ($48.13) in a research report issued to clients and investors on Monday, January 8th. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 8.28% from the company’s current price.

Separately, Liberum Capital restated a “buy” rating and issued a GBX 3,300 ($46.34) price objective on shares of Clarkson in a report on Friday, January 5th.

Shares of Clarkson (CKN) traded up GBX 15 ($0.21) during midday trading on Monday, reaching GBX 3,165 ($44.45). 22,207 shares of the company traded hands, compared to its average volume of 15,000. Clarkson has a one year low of GBX 2,287 ($32.12) and a one year high of GBX 3,170 ($44.52). The stock has a market cap of $955.22 and a PE ratio of 2,472.66.

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About Clarkson

Clarkson PLC is a United Kingdom-based company, which provides integrated shipping services. The Company’s segments include Broking, Financial, Support and Research. The Company’s Broking division represents services provided to ship owners and charterers in the transportation by sea of a range of cargoes.

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