Croda International too expensive for JP Morgan, downgraded to ‘underweight’
The chemical company has jumped in value after signing a contract with Pfizer to supply material for its COVID-19 vaccine
Company
Croda International PLC
LON:CRDA
Croda International is a United Kingdom-based manufacturer of speciality chemicals. The Company has manufacturing facilities in 13 countries across Europe, the Americas and Asia.
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Croda dishes dividend despite demand drop from cosmetics and skincare
Overall group sales fell 5.8% and profit before tax was 12.8% lower
Croda expands life sciences arm with Avanti Polar Lipids acquisition
Avanti creates and makes high-purity polar lipids that are used as delivery systems for complex therapeutic drugs and next-generation vaccines
Croda produces key ingredient in Boots’ new record-breaking face cream
100,000 people are on the waiting list for No7 Advanced Retinol 1.5% Complex Night Concentrate, priced at £34
Croda downgraded to ‘hold’ by Peel Hunt over market uncertainty
Analysts said the chemicals group has limited visibility
Croda to pay final dividend, says demand remains solid amid coronavirus pandemic
The specialty chemicals group said its customer order book is the same as usual but there is uncertainty over future sales
Croda upgraded to ‘buy’ by Liberum, “defensive” model cited
The firm is expected to be “the most resilient” in the UK chemicals industry this year, “as was the case in the 2007-2009 global financial crisis”
Croda International says performance was resilient in subdued market
The British chemicals group saw reduced profits in 2019 but found support in life sciences.
Croda knocked to ‘hold’ as Berenberg forecasts ‘muted’ short-term growth
The German bank said shares in the chemicals firm had reached their price target and there were now “few fundamental catalysts to drive a further re-rating”
Croda downgraded by Barclays as expectations are “too high”
The price target was also trimmed to 5,000p from 5,300p as analysts said the recovery is not imminent following a sharp half-year decline in personal care
Croda shares turn ugly as US-China trade dispute hits beauty business
Shares in the FTSE 100 chemicals group slumped to their lowest levels since October as first-half profits came in lower than expected
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