Croda International (LON:CRDA) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Croda International Plc (LON:CRDA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,891.18 and traded as high as GBX 2,949. Croda International shares last traded at GBX 2,916, with a volume of 209,835 shares trading hands.

Analyst Upgrades and Downgrades

CRDA has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 3,000 price objective on shares of Croda International in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating on the stock in a report on Tuesday, March 24th. Finally, Morgan Stanley upgraded Croda International to an “overweight” rating and upped their price target for the stock from GBX 3,280 to GBX 3,350 in a report on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Croda International presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,140.

Croda International Stock Performance

The firm’s fifty day moving average price is GBX 2,970.42 and its 200-day moving average price is GBX 2,892.64. The company has a current ratio of 1.99, a quick ratio of 2.25 and a debt-to-equity ratio of 31.85. The company has a market cap of £4.12 billion, a P/E ratio of 66.64, a P/E/G ratio of 1.40 and a beta of 0.92.

Insider Activity

In related news, insider Steve Foots sold 73 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of GBX 2,840, for a total value of £2,073.20. Insiders purchased 25 shares of company stock worth $72,490 in the last quarter. 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.