Clarkson (LON:CKN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Clarkson PLC (LON:CKN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,441.60 and traded as high as GBX 4,502. Clarkson shares last traded at GBX 4,496, with a volume of 30,133 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CKN. Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and boosted their price objective for the company from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a report on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,775.

Clarkson Trading Up 1.3%

The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66. The firm has a market capitalization of £1.44 billion, a P/E ratio of 22.00 and a beta of 0.70. The business has a 50 day moving average of GBX 4,597.54 and a 200-day moving average of GBX 4,447.19.

Insider Buying and Selling at Clarkson

In related news, insider Jeff Woyda sold 60,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Also, insider Constantin Cotzias acquired 1,127 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of GBX 4,412 per share, for a total transaction of £49,723.24. 5.37% of the stock is owned by corporate insiders.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.