Jefferies Financial Group Reaffirms Buy Rating for Croda International (LON:CRDA)

Croda International (LON:CRDA)‘s stock had its “buy” rating restated by Jefferies Financial Group in a report issued on Friday, Digital Look reports. They presently have a GBX 4,000 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 23.27% from the stock’s previous close.

Several other brokerages have also recently issued reports on CRDA. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,300 price objective on shares of Croda International in a research note on Wednesday, July 29th. Citigroup boosted their target price on Croda International from GBX 3,050 to GBX 3,200 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 3,600 price target on shares of Croda International in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,490.

Croda International Price Performance

CRDA stock opened at GBX 3,245 on Friday. Croda International has a 52-week low of GBX 2,488 and a 52-week high of GBX 3,520.24. The company has a quick ratio of 2.25, a current ratio of 2.57 and a debt-to-equity ratio of 36.06. The stock has a market cap of £4.52 billion, a price-to-earnings ratio of 57.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. The business has a fifty day moving average of GBX 3,235.84 and a two-hundred day moving average of GBX 3,025.15.

Croda International (LON:CRDA) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 72.20 earnings per share (EPS) for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. As a group, research analysts anticipate that Croda International will post 181.8307268 earnings per share for the current year.

Insider Activity

In other news, insider Stephen Oxley sold 1,339 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total value of £43,035.46. Over the last ninety days, insiders bought 29 shares of company stock valued at $90,842. 0.83% of the stock is owned by corporate insiders.

About Croda International

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.