Liberum Capital reaffirmed their hold rating on shares of Croda International (LON:CRDA) in a research report sent to investors on Thursday, March 15th. Liberum Capital currently has a GBX 4,500 ($63.17) price target on the stock.
A number of other equities research analysts have also weighed in on CRDA. JPMorgan Chase lifted their price objective on shares of Croda International from GBX 4,225 ($59.31) to GBX 4,800 ($67.38) and gave the company an overweight rating in a report on Monday, January 8th. Barclays boosted their price target on shares of Croda International from GBX 4,700 ($65.97) to GBX 4,900 ($68.78) and gave the company an overweight rating in a report on Wednesday, February 28th. Credit Suisse Group boosted their price objective on shares of Croda International from GBX 3,400 ($47.73) to GBX 3,600 ($50.53) and gave the stock an underperform rating in a research note on Wednesday, February 28th. Deutsche Bank boosted their target price on shares of Croda International from GBX 4,000 ($56.15) to GBX 4,300 ($60.36) and gave the stock a hold rating in a research report on Thursday, March 1st. Finally, Berenberg Bank boosted their target price on shares of Croda International from GBX 5,000 ($70.19) to GBX 5,050 ($70.89) and gave the stock a buy rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Croda International currently has an average rating of Hold and a consensus target price of GBX 4,477 ($62.84).
CRDA traded down GBX 20 ($0.28) during trading on Thursday, hitting GBX 4,621 ($64.87). The company’s stock had a trading volume of 307,243 shares, compared to its average volume of 455,652. Croda International has a one year low of GBX 3,461 ($48.58) and a one year high of GBX 4,668 ($65.52).
Croda International (LON:CRDA) last posted its earnings results on Tuesday, February 27th. The company reported GBX 179 ($2.51) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 173.50 ($2.44) by GBX 5.50 ($0.08). Croda International had a net margin of 17.16% and a return on equity of 37.33%. The company had revenue of GBX 137.31 billion during the quarter.
The business also recently announced a dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, April 19th will be paid a dividend of GBX 46 ($0.65) per share. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, April 19th. This is a positive change from Croda International’s previous dividend of $35.00.
In other news, insider Steve Foots sold 21,181 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were 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 ninety days, insiders have acquired 11 shares of company stock valued at $49,010.
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Croda International Company Profile
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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