Clarkson (LON:CKN) Shares Cross Above 200 Day Moving Average – What’s Next?

Clarkson PLC (LON:CKN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,322.08 and traded as high as GBX 4,742. Clarkson shares last traded at GBX 4,680, with a volume of 3,215,189 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CKN shares. Canaccord Genuity Group raised shares of Clarkson to a “hold” rating and upped their price target for the company from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Berenberg Bank upped their price target on shares of Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Clarkson has an average rating of “Moderate Buy” and a consensus price target of GBX 4,775.

Clarkson Price Performance

The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66. The firm has a market cap of £1.44 billion, a PE ratio of 21.97 and a beta of 0.70. The stock has a 50 day simple moving average of GBX 4,752.15 and a 200-day simple moving average of GBX 4,322.08.

Clarkson (LON:CKN) last issued its quarterly earnings results on Monday, March 9th. The company reported GBX 225.80 earnings per share (EPS) for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. Equities analysts anticipate that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clarkson news, insider Jeff Woyda sold 60,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Also, insider Constantin Cotzias acquired 1,097 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of GBX 4,624 per share, with a total value of £50,725.28. Company insiders own 5.57% of the company’s stock.

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.