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

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 3,652.50 and traded as high as GBX 4,110. Clarkson shares last traded at GBX 4,110, with a volume of 107,619 shares traded.

Analyst Ratings Changes

A number of research firms recently issued reports on CKN. Canaccord Genuity Group boosted their target price on shares of Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a research report on Monday, January 12th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 4,250 price target on shares of Clarkson in a research note on Wednesday, November 5th. Four equities research 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 Trading Up 0.2%

The firm has a market cap of £1.27 billion, a price-to-earnings ratio of 16.90 and a beta of 1.12. The firm’s 50-day moving average is GBX 3,862.95 and its 200-day moving average is GBX 3,652.50. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45.

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.