Citigroup Lowers Croda International (LON:CRDA) Price Target to GBX 3,300

Croda International (LON:CRDA) had its target price trimmed by Citigroup from GBX 3,550 ($47.16) to GBX 3,300 ($43.84) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 3,800 ($50.48) price target on shares of Croda International in a research note on Thursday, April 24th.

Croda International Trading Up 0.6 %

LON:CRDA opened at GBX 2,968.92 ($39.44) on Tuesday. Croda International has a 52 week low of GBX 2,551 ($33.89) and a 52 week high of GBX 4,932 ($65.52). The firm has a 50-day moving average price of GBX 2,944.66 and a two-hundred day moving average price of GBX 3,261.17. The firm has a market cap of £4.15 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. The company has a debt-to-equity ratio of 30.90, a quick ratio of 2.25 and a current ratio of 2.72.

Croda International (LON:CRDA) last released its earnings results on Tuesday, February 25th. The company reported GBX 142.60 ($1.89) earnings per share for the quarter. Croda International had a net margin of 9.98% and a return on equity of 6.96%. On average, equities analysts expect that Croda International will post 181.8307268 earnings per share for the current fiscal year.

Croda International Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, April 10th will be issued a dividend of GBX 63 ($0.84) per share. This represents a yield of 2.03%. The ex-dividend date is Thursday, April 10th. This is a positive change from Croda International’s previous dividend of $47.00. Croda International’s dividend payout ratio is 93.66%.

Insider Buying and Selling at Croda International

In other Croda International news, insider Tom Brophy sold 380 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 2,643 ($35.11), for a total value of £10,043.40 ($13,343.16). Also, insider Ian Bull acquired 400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of GBX 3,240 ($43.05) per share, with a total value of £12,960 ($17,218.02). Insiders bought a total of 570 shares of company stock valued at $1,787,575 in the last three months. Company insiders own 0.93% of the company’s stock.

Croda International Company Profile

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.