Croda International (LON:CRDA) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Croda International Plc (LON:CRDA) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,954.58 and traded as high as GBX 3,161. Croda International shares last traded at GBX 3,107, with a volume of 226,342 shares trading hands.

Wall Street Analyst Weigh In

CRDA has been the subject of a number of recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 3,600 target price on shares of Croda International in a research report on Wednesday, July 29th. Citigroup raised their price target on Croda International from GBX 3,050 to GBX 3,200 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,300 price objective on shares of Croda International in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,500 price objective on shares of Croda International in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Croda International currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,390.

Croda International Stock Up 2.0%

The business’s fifty day simple moving average is GBX 3,080.90 and its 200 day simple moving average is GBX 2,958.46. The company has a current ratio of 2.57, a quick ratio of 2.25 and a debt-to-equity ratio of 36.06. The stock has a market cap of £4.65 billion, a price-to-earnings ratio of 58.61, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92.

Croda International (LON:CRDA) last issued its earnings results on Tuesday, July 28th. The company reported GBX 72.20 EPS for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. Equities analysts forecast that Croda International Plc will post 181.8307268 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Stephen Oxley sold 1,339 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total value of £43,035.46. Insiders bought a total of 35 shares of company stock valued at $107,620 in the last ninety days. Corporate insiders own 0.83% of the company’s stock.

About Croda International

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.