Shares of Croda International (LON:CRDA) have received an average rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 4,477 ($62.84).
Several brokerages have recently commented on CRDA. Berenberg Bank increased their target price on Croda International from GBX 5,000 ($70.19) to GBX 5,050 ($70.89) and gave the stock a “buy” rating in a report on Thursday, March 1st. Morgan Stanley increased their target price on Croda International from GBX 4,550 ($63.87) to GBX 4,800 ($67.38) and gave the stock an “overweight” rating in a report on Friday, March 16th. Barclays increased their target price on Croda International from GBX 4,700 ($65.97) to GBX 4,900 ($68.78) and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Jefferies Group cut Croda International to a “hold” rating and increased their target price for the stock from GBX 4,500 ($63.17) to GBX 4,700 ($65.97) in a report on Thursday, January 4th. Finally, Liberum Capital restated a “hold” rating and set a GBX 4,500 ($63.17) target price on shares of Croda International in a report on Thursday, March 15th.
Shares of CRDA stock traded down GBX 20 ($0.28) during trading hours on Friday, hitting GBX 4,621 ($64.87). 307,243 shares of the company’s stock were exchanged, compared to its average volume of 455,652. Croda International has a 52 week low of GBX 3,461 ($48.58) and a 52 week high of GBX 4,668 ($65.52).
Croda International (LON:CRDA) last announced its earnings results on Tuesday, February 27th. The company reported GBX 179 ($2.51) EPS for the quarter, topping the consensus estimate of GBX 173.50 ($2.44) by GBX 5.50 ($0.08). The company had revenue of GBX 137.31 billion for the quarter. Croda International had a return on equity of 37.33% and a net margin of 17.16%.
The company also recently declared a dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, April 19th will be issued a GBX 46 ($0.65) dividend. This is a boost from Croda International’s previous dividend of $35.00. The ex-dividend date is Thursday, April 19th. This represents a yield of 1%.
In related news, insider Steve Foots sold 21,181 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of GBX 4,434 ($62.24), for a total value of £939,165.54 ($1,318,312.10). In the last quarter, insiders purchased 11 shares of company stock worth $49,010.
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About Croda International
Croda International Plc creates, makes, and sells specialty chemicals in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It operates in four segments: Personal Care, Life Sciences, Performance Technologies, and Industrial Chemicals. The company offers adhesives; crop protection additives and adjuvants, specialty additives for agricultural films, and seed enhancement and animal health chemicals; lubricant additives, specialty additives for plastics, coatings and polymers, advanced materials, and vehicle cleaning chemicals; and specialty ingredients for skin care, hair care, sun care, self-tanning, color cosmetics, body care, bath and shower, deodorants, anti-perspirants, depilatories, men's grooming, oral hygiene, and baby care applications.
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