Croda International (LON:CRDA) Share Price Breaks Above 200-Day Moving Average – What’s Next?

Shares of Croda International Plc (LON:CRDA) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 3,042.03 and traded as high as GBX 3,296. Croda International shares last traded at GBX 3,278, with a volume of 414,923 shares.

Analyst Ratings Changes

CRDA has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,000 price target on shares of Croda International in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 3,300 price objective on shares of Croda International in a research report on Wednesday, July 29th. Berenberg Bank restated a “buy” rating and set a GBX 3,600 price target on shares of Croda International in a report on Wednesday, July 29th. Finally, Citigroup upped their price objective on shares of Croda International from GBX 3,050 to GBX 3,200 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,490.

Croda International Trading Up 0.1%

The company has a quick ratio of 2.25, a current ratio of 2.57 and a debt-to-equity ratio of 36.06. The company has a market capitalization of £4.57 billion, a price-to-earnings ratio of 57.61, a P/E/G ratio of 1.40 and a beta of 0.92. The company has a 50-day moving average price of GBX 3,272.78 and a 200-day moving average price of GBX 3,042.03.

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

Insider Activity

In related news, insider Stephen Oxley sold 1,339 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of GBX 3,214, for a total transaction of £43,035.46. Insiders have acquired a total of 29 shares of company stock valued at $90,842 in the last 90 days. Company 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.