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

Clarkson PLC (LON:CKN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,224.24 and traded as high as GBX 4,884. Clarkson shares last traded at GBX 4,802, with a volume of 22,152 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Canaccord Genuity Group upgraded Clarkson to a “hold” rating and lifted their price target for the company from GBX 4,400 to GBX 4,650 in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft raised their target price on Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a 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 stock a “buy” rating in a research note on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Clarkson presently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,775.

Clarkson Stock Performance

The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 10.66. The stock has a fifty day moving average price of GBX 4,734.72 and a two-hundred day moving average price of GBX 4,224.24. The company has a market capitalization of £1.48 billion, a price-to-earnings ratio of 22.56 and a beta of 0.70.

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

Insider Activity at Clarkson

In other news, insider Constantin Cotzias purchased 1,097 shares of the stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of GBX 4,624 per share, for a total transaction of £50,725.28. Also, insider Jeff Woyda sold 60,000 shares of the company’s 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 value of £2,866,800. 5.57% of the stock is currently owned by company insiders.

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.