Clarkson (LON:CKN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Clarkson PLC (LON:CKN) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,674.30 and traded as high as GBX 5,150. Clarkson shares last traded at GBX 5,130, with a volume of 27,140 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Berenberg Bank upped their price target on Clarkson from GBX 5,250 to GBX 5,925 and gave the company a “buy” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Clarkson has an average rating of “Moderate Buy” and an average price target of GBX 5,031.25.

Clarkson Stock Down 0.1%

The stock has a market capitalization of £1.58 billion, a P/E ratio of 20.49 and a beta of 0.70. The firm’s fifty day moving average is GBX 4,794.62 and its 200-day moving average is GBX 4,674.30. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 10.87.

Clarkson (LON:CKN) last announced its earnings results on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. As a group, equities research analysts predict that Clarkson PLC will post 283.011583 earnings per share for the current year.

Insider Buying and Selling at Clarkson

In related news, insider Constantin Cotzias acquired 1,127 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of GBX 4,412 per share, for a total transaction of £49,723.24. 5.37% of the stock is currently owned by company 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.