Berenberg Bank Forecasts Strong Price Appreciation for Croda International (LON:CRDA) Stock

Croda International (LON:CRDA) had its price objective raised by investment analysts at Berenberg Bank from GBX 3,600 to GBX 4,400 in a report issued on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank‘s price objective would indicate a potential upside of 19.76% from the company’s previous close.

A number of other brokerages have also recently commented on CRDA. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,000 target price on shares of Croda International in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 3,300 price target on shares of Croda International in a report on Wednesday, July 29th. Finally, Citigroup upped their price target on Croda International from GBX 3,050 to GBX 3,200 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 3,650.

Croda International Trading Up 0.6%

Shares of Croda International stock opened at GBX 3,674 on Friday. Croda International has a 1-year low of GBX 2,488 and a 1-year high of GBX 3,784. The company’s fifty day simple moving average is GBX 3,407.21 and its 200-day simple moving average is GBX 3,073.27. The company has a debt-to-equity ratio of 36.06, a current ratio of 2.57 and a quick ratio of 2.25. The stock has a market capitalization of £5.12 billion, a PE ratio of 64.57, a P/E/G ratio of 1.40 and a beta of 0.92.

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.