Croda International (LON:CRDA) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Croda International Plc (LON:CRDA) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,816.23 and traded as high as GBX 2,868. Croda International shares last traded at GBX 2,868, with a volume of 53,995,582 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 3,000 target price on shares of Croda International in a report on Wednesday, April 22nd. Morgan Stanley upgraded Croda International to an “overweight” rating and increased their target price for the company from GBX 3,280 to GBX 3,350 in a report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating for the company in a report on Tuesday, March 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,140.

Croda International Trading Up 1.7%

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 company has a fifty day moving average of GBX 2,836.82 and a 200-day moving average of GBX 2,816.23. The firm has a market capitalization of £4.07 billion, a PE ratio of 65.72, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90.

Croda International (LON:CRDA) last announced its quarterly earnings data on Tuesday, February 24th. The company reported GBX 146.20 earnings per share (EPS) for the quarter. Croda International had a return on equity of 2.82% and a net margin of 3.65%. On average, sell-side analysts anticipate that Croda International Plc will post 181.8307268 earnings per share for the current fiscal year.

Insider Buying and Selling at Croda International

In related news, insider Danuta Gray bought 750 shares of the business’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of GBX 2,788 per share, for a total transaction of £20,910. Also, insider Steve Foots sold 3,622 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 2,606, for a total value of £94,389.32. Over the last three months, insiders have purchased 771 shares of company stock worth $2,151,538 and have sold 4,715 shares worth $12,351,292. 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.