Clarkson rises after 'reassuring' outlook reiteration

Clarkson

04/08/2025 10:36

** Shares of shipping services provider Clarkson CKN.L up 8% at 3,690p, hit highest since March 17

** Co maintains FY outlook, expects year to be H2-weighted

** H1 underlying pretax falls 23.4% to 39.4 million pounds ($52.36 million)

** Panmure Liberum analysts say that given U.S. tariff-related uncertainty, unchanged outlook is "reassuring"

 ** Brokerage raises PT to 4,000p from 3,800p

 ** Analysts' median PT is 4,000p, according to LSEG data

** Including session's moves, stock down about 7% this year; UK's mid-cap index .FTMC up 5.82% YTD

($1 = 0.7524 pounds)

 (Reporting by Anushka Chourasia in Bengaluru)

 ((Anushka.Chourasia@thomsonreuters.com))