Croda International (CRDA)

Sector:

Industrial Chemicals

Index:

FTSE 100

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4,728.00p
   
  • Change Today:
      92.00p
  • 52 Week High: 5,447.71
  • 52 Week Low: 4,575.95
  • Currency: UK Pounds
  • Shares Issued: 131.79m
  • Volume: 157,375
  • Market Cap: £6,231m
  • RiskGrade: 93
  • Beta: 0.00

Croda shares slump on UBS downgrade

By Michele Maatouk

Date: Tuesday 02 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Croda International was under the cosh on Tuesday as UBS downgraded its stance on the shares to 'neutral' from 'buy', as it argued that the stock's multiple was now fair and 2019 growth is likely to be weighted to the second half.
The bank noted that the shares are now close to its target price, which it upped to 5,500p from 5,300p.

"The 2019E price-to-earnings of 26x and free cash flow yield of 3% look fair valuation metrics in the context of Croda's portfolio (75% of group EBIT comprising consumer and life science actives and 25% industrial-facing products) and peer valuations," it said.

In addition, UBS highlighted potential headwinds for the first half of 2019 - for which results are due on 24 July - and said that it now relies less comfortably on second-half growth than previously.

UBS noted evidence of a material slowdown in the US cosmetics market. It also said there are two other issues to consider for the short-term earnings per share growth trajectory.

"1) Croda's crop care business could see some adverse fall-out from US weather disruption; 2) the US bio-surfactants plant has not restarted and, whilst idle, losses are accruing to the tune of £2m per quarter (3% to EPS on an annualised basis)."

At 1230 BST, the shares were down 5.1% at 4,832p.

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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 4,728.00p
Change Today 92.00p
% Change 1.98 %
52 Week High 5,447.71
52 Week Low 4,575.95
Volume 157,375
Shares Issued 131.79m
Market Cap £6,231m
Beta 0.00
RiskGrade 93

CRDA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.7% below the market average93.7% below the market average93.7% below the market average93.7% below the market average93.7% below the market average
90.48% below the sector average90.48% below the sector average90.48% below the sector average90.48% below the sector average90.48% below the sector average
Price Trend
6.72% above the market average6.72% above the market average6.72% above the market average6.72% above the market average6.72% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
75.27% below the market average75.27% below the market average75.27% below the market average75.27% below the market average75.27% 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
31.53% below the market average31.53% below the market average31.53% below the market average31.53% below the market average31.53% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 10
Sell 0
Strong Sell 3
Total 18
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 21-Aug-2019

Time Volume / Share Price
16:35 100 @ 4,728.00p
16:35 63,652 @ 4,728.00p
16:29 58 @ 4,718.00p
16:29 10 @ 4,722.00p
16:29 14 @ 4,718.00p

CRDA Key Personnel

Chair Anita Frew

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