Clarkson (CKN) Upgraded to “Buy” at Liberum Capital

Liberum Capital upgraded shares of Clarkson (LON:CKN) to a buy rating in a report published on Monday morning. The brokerage currently has GBX 3,200 ($40.82) target price on the stock.

Clarkson stock opened at GBX 2,600 ($33.17) on Monday. Clarkson has a 12 month low of GBX 2,454 ($31.31) and a 12 month high of GBX 3,475 ($44.33).

The company also recently declared a dividend, which will be paid on Friday, September 21st. Shareholders of record on Thursday, September 6th will be issued a GBX 24 ($0.31) dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a yield of 0.87%.

In other Clarkson news, insider Jeff Woyda sold 998 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of GBX 2,694 ($34.37), for a total value of £26,886.12 ($34,297.90). Also, insider Peter Anker sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of GBX 2,635 ($33.61), for a total value of £461,125 ($588,244.67).

Clarkson Company Profile

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.

Further Reading: Google Finance Portfolio Workaround

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