Clarkson (LON:CKN) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Clarkson PLC (LON:CKN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,620.32 and traded as high as GBX 4,150. Clarkson shares last traded at GBX 4,150, with a volume of 35,389 shares changing hands.

Wall Street Analysts Forecast Growth

CKN has been the subject of several recent analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 4,250 price objective on shares of Clarkson in a research report on Wednesday, November 5th. Canaccord Genuity Group raised their price target on Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a research note on Monday, January 12th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 4,262.50.

Clarkson Stock Performance

The company has a market cap of £1.26 billion, a PE ratio of 16.82 and a beta of 1.12. The stock has a 50 day simple moving average of GBX 3,819.35 and a two-hundred day simple moving average of GBX 3,629.37. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69.

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.