Citigroup Issues Pessimistic Forecast for Croda International (LON:CRDA) Stock Price

Croda International (LON:CRDA) had its price objective trimmed by Citigroup from GBX 3,300 to GBX 3,050 in a research note released on Friday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on CRDA. Berenberg Bank reduced their price target on Croda International from GBX 3,800 to GBX 3,100 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised shares of Croda International to an “overweight” rating in a report on Wednesday, July 30th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,200 price objective on shares of Croda International in a report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Croda International from GBX 3,400 to GBX 3,000 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Croda International currently has an average rating of “Moderate Buy” and an average target price of GBX 3,087.50.

Croda International Stock Performance

Shares of CRDA stock opened at GBX 2,871 on Friday. The business’s fifty day simple moving average is GBX 2,584.83 and its 200-day simple moving average is GBX 2,823.76. The company has a market cap of £4.01 billion, a PE ratio of 1,864.29, a PEG ratio of 1.40 and a beta of 0.74. The company has a current ratio of 2.72, a quick ratio of 2.25 and a debt-to-equity ratio of 30.90. Croda International has a 12-month low of GBX 2,426.77 and a 12-month high of GBX 4,325.

Croda International (LON:CRDA) last issued its quarterly earnings results on Tuesday, July 29th. The company reported GBX 72.20 earnings per share (EPS) for the quarter. Croda International had a return on equity of 6.96% and a net margin of 9.98%. Analysts expect that Croda International will post 181.8307268 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Croda International news, insider Jacqui Ferguson purchased 393 shares of the stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of GBX 2,524 per share, with a total value of £9,919.32. Also, insider Ian Bull purchased 500 shares of the stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of GBX 2,643 per share, for a total transaction of £13,215. Insiders bought 11,343 shares of company stock valued at $29,823,659 in the last 90 days. 0.83% of the stock is currently owned by 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.