Rating To Observe: Is Croda International PLC (LON:CRDA) a Sell? Deutsche Bank Downgrades It

November 30, 2016 - By Marie Mckinney

Croda International PLC (LON:CRDA) Downgrade

In a a note sent to investors and clients on 30 November, Deutsche Bank has cut Croda International PLC (LON:CRDA) stock to a Buy and has set a 12month target price per share at GBX 3300.00. Deutsche Bank’s target is 1.07% from CRDA’s last price.

Croda International Plc (LON:CRDA) Ratings Coverage

Out of 20 analysts covering Croda International PLC (LON:CRDA), 8 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 40% are positive. GBX 4000 is the highest target while GBX 2350 is the lowest. The GBX 3381.94 average target is 3.11% above today’s (GBX 3280) stock price. Croda International PLC has been the topic of 111 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Monday, June 20, the company rating was maintained by BNP Paribas. The firm has “Underperform” rating by BNP Paribas given on Wednesday, April 6. The rating was maintained by BNP Paribas with “Underperform” on Wednesday, October 5. Numis Securities maintained the stock with “Hold” rating in Tuesday, March 22 report. The rating was maintained by Liberum Capital with “Hold” on Wednesday, May 11. The firm earned “Underperform” rating on Tuesday, March 22 by BNP Paribas. UBS maintained it with “Buy” rating and GBX 4000 target price in Friday, November 4 report. The rating was maintained by UBS with “Sell” on Monday, November 16. UBS maintained Croda International Plc (LON:CRDA) on Wednesday, February 24 with “Sell” rating. The company was maintained on Friday, November 6 by Deutsche Bank.

About 101,394 shares traded hands. Croda International Plc (LON:CRDA) has risen 1.61% since May 2, 2016 and is uptrending. It has underperformed by 3.61% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.41 in 2016 Q2. Its up 0.50, from 0.91 in 2016Q1. The ratio increased, as 5 funds sold all Croda International Plc shares owned while 28 reduced positions. 16 funds bought stakes while 14 increased positions. They now own 7.77 million shares or 17.45% less from 9.41 million shares in 2016Q1.

Geode Mgmt Lc holds 0% or 119,113 shares in its portfolio. New York State Common Retirement Fund has invested 0% of its portfolio in Croda International Plc (LON:CRDA). Millennium Mngmt Limited Company has invested 0% of its portfolio in Croda International Plc (LON:CRDA). State Board Of Administration Of Florida Retirement Sys reported 33,015 shares or 0% of all its holdings. Northern Corporation accumulated 0% or 199,752 shares. Analytic owns 54,238 shares or 0.01% of their US portfolio. Blackrock Institutional Na holds 647,588 shares or 0% of its portfolio. The New Jersey-based Blackrock Management Limited Liability Company has invested 0% in Croda International Plc (LON:CRDA). Suntrust Banks reported 984,415 shares or 0.05% of all its holdings. Credit Suisse Ag, a Switzerland-based fund reported 51,796 shares. Parametric Associate Ltd Liability Corporation last reported 0% of its portfolio in the stock. Cadence Capital Mgmt Ltd Llc has 99,420 shares for 0.06% of their US portfolio. The California-based Wells Fargo & Co Mn has invested 0% in Croda International Plc (LON:CRDA). Bank & Trust Of America Corporation De, a North Carolina-based fund reported 32,357 shares. Bnp Paribas Arbitrage Sa reported 458 shares or 0% of all its holdings.

Croda International Plc is engaged in creating, making and selling specialty chemicals. The company has a market cap of 4.30 billion GBP. The Company’s divisions include Personal Care, Life Sciences, Performance Technologies and Industrial Chemicals. It has a 23.5 P/E ratio. The Personal Care segment focuses on ingredients for skin, hair, sun and color cosmetic products.

CRDA Company Profile

Crawford & Company (Crawford), incorporated on May 21, 1943, is an independent well-known provider of claims management solutions to the risk management and insurance industry, as well as to self-insured entities. The Company’s Crawford Solution offers claims services, business process outsourcing and consulting services for various product lines, including property and casualty claims management; workers’ compensation claims and medical management, and legal settlement administration. Crawford conducts its activities through four divisions: U.S. Services, which primarily serves the property and casualty insurance firm markets in the United States; International, which serves the property and casualty insurance company, and self-insurance markets outside the United States; Broadspire, which serves the self-insurance marketplace, primarily in the United States, and Garden City Group, which serves the class action, regulatory, mass tort, bankruptcy and other legal settlement markets, primarily in the United States.

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