In a report released today, Sam Bland from J.P. Morgan reiterated a Hold rating on Clarkson (CKNHF – Research Report), with a price target of p4132.00. The company’s shares closed last Thursday at $44.69.
Bland has an average return of 9.4% when recommending Clarkson.
According to TipRanks.com, Bland is ranked #1279 out of 7780 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clarkson with a $58.32 average price target.
Based on Clarkson’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.
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Clarkson Plc engages in the provision of integrated shipping services. It operates through the following segments: Broking, Financial, Support, and Research. The Broking segment refers to services provided to ship-owners and charterers in the transportation by sea of a wide range of cargoes. The Financial segment renders services in investment banking, specializing in the maritime, oil services, and natural resources sectors. The Support segment covers port and agency services representing ship agency services provided throughout the United Kingdom. The Research segment encompasses the provision of shipping-related information and publications. The company was founded by Horace Anderton Clarkson in 1852 and is headquartered in London, the United Kingdom.
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