Separately, JPMorgan Chase & Co. cut Clarkson to a neutral rating and decreased their price target for the stock from GBX 3,723 ($48.65) to GBX 2,876 ($37.58) in a research note on Tuesday, October 9th.
CKN stock opened at GBX 2,385 ($31.16) on Tuesday. Clarkson has a 1-year low of GBX 2,454 ($32.07) and a 1-year high of GBX 3,475 ($45.41).
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.
See Also: Fundamental Analysis
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