Clarkson (LON:CKN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Clarkson PLC (LON:CKN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,566.26 and traded as high as GBX 4,968. Clarkson shares last traded at GBX 4,950, with a volume of 72,142 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CKN shares. Canaccord Genuity Group upgraded Clarkson to a “hold” rating and increased their price objective for the stock from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Berenberg Bank upped their price target on Clarkson from GBX 5,250 to GBX 5,925 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a research note 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,031.25.

Clarkson Stock Up 2.3%

The company has a debt-to-equity ratio of 10.87, a current ratio of 1.69 and a quick ratio of 1.69. The firm’s 50 day moving average is GBX 4,626.40 and its two-hundred day moving average is GBX 4,571.56. The firm has a market capitalization of £1.54 billion, a P/E ratio of 20.01 and a beta of 0.70.

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

Insider Buying and Selling at Clarkson

In other news, insider Constantin Cotzias bought 1,127 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of GBX 4,412 per share, with a total value of £49,723.24. 5.37% of the stock is owned by corporate insiders.

About Clarkson

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.