UK's Croda falls as Jefferies downgrades stock

Croda International

11/11/2025 09:44

** Shares of Croda International CRDA.L down nearly 4% at 2,678p, biggest loser on FTSE 100 Index .FTSE, which is up 0.96%

** Jefferies cuts chemical co's PT to 3,000p from 3,100p, rating to "Hold" from "Buy"

** "Croda's focus on volumes to restore utilisation delays clarity on incremental earnings until late 2026" - Jefferies

** Expects Croda to make FY adjusted PBT of 261 mln pounds ($350.29 million), near lower end of co's currency-adjusted guidance range of 255–285 mln pounds

** 7 of 14 analysts covering stock have "buy" or higher rating, 5 "hold", 2 "sell" or lower; median PT 3,075 pence - LSEG data

** YTD, stock down nearly 21% vs FTSE's about 21% advance

($1 = 0.7451 pounds)

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))