Croda International (CRDA)

Sector:

Industrial Chemicals

Index:

FTSE 100

 4,876.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 5,375.00p
  • 52 Week Low: 4,564.00p
  • Currency: UK Pounds
  • Shares Issued: 128.89m
  • Volume: 353,489
  • Market Cap: £6,285m
  • RiskGrade: 84
  • Beta: 0.85

UK equities look overbought, says Credit Suisse

By Oliver Haill

Date: Monday 06 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Since April, UK equities have outperformed euro area stocks by around 3% and global stocks by around 1%, but with oil prices felt to have peaked and shares looking "overbought", Credit Suisse strategists have downgraded their stance.
The Swiss bank downgraded its stance on UK equities to 'benchmark' from 'overweight', having upgraded at the end of April, and picked out a handful of stocks that have expensive valuations, negative earnings revisions and are rated 'underperform', namely Croda, Meggit, Intertek, Rotork, and Hargreaves Lansdown.

Part of the downgrade stemmed from the prediction that sterling is likely to remain supported as Britain will be able to achieve "relatively soft Brexit". The pound is "circa 20% cheap" versus the dollar and, with UK GDP growth outlook seeming to be stabilising, the strategists noted that sterling speculators are short and that "UK equities have done better than the weakness of sterling would have suggested since our upgrade".

The strategists have also taken a more cautious view on commodities, which represents around a quarter of the FTSE 100 market cap. They note that UK equities tend to outperform as the oil price rises but declared that "oil has peaked" and that, furthermore, Chinese money supply data "is consistent with much weaker commodity prices".





"The UK market is now overbought: The equity market underperforms 70% of the time this happens."

However, there were some UK stocks that were screened positively as cheap, with positive earnings revisions and rated 'outperform' are Ashtead, BP, Imperial Brands and ITV.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CRDA Market Data

Currency UK Pounds
Share Price 4,876.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 5,375.00p
52 Week Low 4,564.00p
Volume 353,489
Shares Issued 128.89m
Market Cap £6,285m
Beta 0.85
RiskGrade 84

CRDA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.51% below the market average92.51% below the market average92.51% below the market average92.51% below the market average92.51% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
6.16% above the market average6.16% above the market average6.16% above the market average6.16% above the market average6.16% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Income
81.58% below the market average81.58% below the market average81.58% below the market average81.58% below the market average81.58% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
29.52% below the market average29.52% below the market average29.52% below the market average29.52% below the market average29.52% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 8
Sell 1
Strong Sell 2
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRDA Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-19 11-Apr-19
Paid 02-Oct-19 30-May-19
Amount 39.50p 49.00p

Trades for 13-Dec-2019

Time Volume / Share Price
16:35 112,837 @ 4,876.00p
16:29 43 @ 4,874.00p
16:29 1 @ 4,870.00p
16:29 47 @ 4,872.00p
16:29 100 @ 4,872.00p

CRDA Key Personnel

Chair Anita Frew

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