Croda International (LON:CRDA) Shares Pass Above 200 Day Moving Average – Time to Sell?

Croda International Plc (LON:CRDA)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,883.42 and traded as high as GBX 2,901. Croda International shares last traded at GBX 2,897, with a volume of 327,205 shares traded.

Wall Street Analysts Forecast Growth

CRDA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating for the company in a research note on Tuesday, March 24th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,000 price target on shares of Croda International in a research note on Wednesday, April 22nd. Finally, Morgan Stanley raised shares of Croda International to an “overweight” rating and boosted their price target for the company from GBX 3,280 to GBX 3,350 in a report on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Croda International has an average rating of “Moderate Buy” and a consensus target price of GBX 3,140.

Croda International Trading Up 1.6%

The company has a debt-to-equity ratio of 31.85, a current ratio of 1.99 and a quick ratio of 2.25. The business’s 50 day simple moving average is GBX 2,958.08 and its 200 day simple moving average is GBX 2,883.42. The stock has a market cap of £4.04 billion, a P/E ratio of 65.25, a PEG ratio of 1.40 and a beta of 0.92.

Insider Activity

In related news, insider Steve Foots sold 73 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 2,840, for a total transaction of £2,073.20. Over the last ninety days, insiders purchased 15 shares of company stock valued at $43,900. Corporate insiders own 0.83% of the company’s stock.

Croda International Company Profile

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.