Clarkson (LON:CKN) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Clarkson PLC (LON:CKN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,517.23 and traded as high as GBX 3,830. Clarkson shares last traded at GBX 3,785, with a volume of 70,328 shares.

Wall Street Analyst Weigh In

CKN has been the subject of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 4,250 price objective on shares of Clarkson in a research report on Tuesday, September 2nd. Peel Hunt reaffirmed a “buy” rating and set a GBX 4,250 target price on shares of Clarkson in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Clarkson presently has a consensus rating of “Buy” and a consensus target price of GBX 4,025.

Clarkson Trading Up 0.3%

The firm has a market cap of £1.17 billion, a P/E ratio of 15.53 and a beta of 1.12. The stock has a 50 day simple moving average of GBX 3,621.73 and a 200-day simple moving average of GBX 3,517.23. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45.

Insiders Place Their Bets

In other Clarkson news, insider Constantin Cotzias purchased 742 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The shares were bought at an average price of GBX 3,485 per share, with a total value of £25,858.70. Corporate insiders own 5.57% of the company’s stock.

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.