Morgan Stanley Raises Croda International (CRDA) Price Target to GBX 4,800

Croda International (LON:CRDA) had its target price hoisted by Morgan Stanley from GBX 4,550 ($62.86) to GBX 4,800 ($66.32) in a research report sent to investors on Friday morning. They currently have an overweight rating on the stock.

Several other research firms have also commented on CRDA. Deutsche Bank lifted their price target on Croda International from GBX 4,000 ($55.26) to GBX 4,300 ($59.41) and gave the stock a hold rating in a report on Thursday, March 1st. Berenberg Bank lifted their price target on Croda International from GBX 5,000 ($69.08) to GBX 5,050 ($69.77) and gave the stock a buy rating in a report on Thursday, March 1st. Credit Suisse Group lifted their price target on Croda International from GBX 3,400 ($46.97) to GBX 3,600 ($49.74) and gave the stock an underperform rating in a report on Wednesday, February 28th. Barclays lifted their price target on Croda International from GBX 4,700 ($64.94) to GBX 4,900 ($67.70) and gave the stock an overweight rating in a report on Wednesday, February 28th. Finally, Liberum Capital reiterated a hold rating and set a GBX 4,300 ($59.41) price target on shares of Croda International in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Croda International currently has a consensus rating of Hold and a consensus target price of GBX 4,379.09 ($60.50).

Croda International stock opened at GBX 4,548 ($62.84) on Friday. The company has a market cap of $5,980.00 and a price-to-earnings ratio of 2,540.78. Croda International has a 1-year low of GBX 3,461 ($47.82) and a 1-year high of GBX 4,668 ($64.49).

Croda International (LON:CRDA) last posted its quarterly earnings results on Tuesday, February 27th. The company reported GBX 179 ($2.47) EPS for the quarter, topping the consensus estimate of GBX 173.50 ($2.40) by GBX 5.50 ($0.08). Croda International had a return on equity of 37.33% and a net margin of 17.16%. The business had revenue of GBX 137.31 billion for the quarter.

The business also recently disclosed a dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, April 19th will be issued a GBX 46 ($0.64) dividend. This is a positive change from Croda International’s previous dividend of $35.00. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, April 19th.

In related news, insider Steve Foots sold 21,181 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of GBX 4,434 ($61.26), for a total value of £939,165.54 ($1,297,548.41). Over the last 90 days, insiders purchased 11 shares of company stock worth $49,010.

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Croda International Company Profile

Croda International Plc creates, makes and sells specialty chemicals. It operates through four segments. The Personal Care segment focuses on ingredients for skin, hair, sun and color cosmetic products. Its portfolio includes anti-ageing ingredients for skin, conditioning agents for hair care and metal oxides for ultraviolet (UV) filters.

Analyst Recommendations for Croda International (LON:CRDA)

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