Clarkson (LON:CKN) Hits New 52-Week High – Here’s What Happened

Clarkson PLC (LON:CKN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 5,485 and last traded at GBX 5,300, with a volume of 560601 shares trading hands. The stock had previously closed at GBX 4,730.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded Clarkson to a “hold” rating and increased their price target for the stock from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Clarkson has an average rating of “Moderate Buy” and a consensus price target of GBX 4,775.

Clarkson Trading Up 7.3%

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 firm’s 50-day moving average price is GBX 4,575.98 and its 200 day moving average price is GBX 4,524.08. The company has a market capitalization of £1.56 billion, a P/E ratio of 23.84 and a beta of 0.70.

Insider Activity

In other Clarkson news, insider Jeff Woyda sold 60,000 shares of Clarkson stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Also, insider Constantin Cotzias acquired 1,127 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were bought at an average cost of GBX 4,412 per share, with a total value of £49,723.24. 5.37% of the stock is currently owned by company insiders.

About Clarkson

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.