UK's Croda International gains on J.P.Morgan's upgrade to 'overweight'

Crawford & Co

30/07/2025 10:24

** Shares of chemical company Croda International CRDA.L up nearly 1% at 2,614p

** J.P.Morgan upgrades CRDA to "overweight" from "neutral"; maintains PT 3,600p

** Brokerage sees FY25–27 consensus on adjusted EPS growth to about 187.4p from nearly 145.6p as achievable

** "Company is implementing a multi-year growth and efficiency transformation program to improve earnings delivery and returns. We see significant room for cost efficiency and working capital improvements" - brokerage

** On Tuesday, Croda reported first-half sales slightly below estimate

** On avg, stock rated "hold" by 13 analysts; median PT is 3,440p - data compiled by LSEG

** As of last close, the stock is down about 23% this year

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))