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

Clarkson PLC (LON:CKN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,534.48 and traded as high as GBX 3,830. Clarkson shares last traded at GBX 3,790, with a volume of 6,785 shares.

Wall Street Analysts Forecast Growth

CKN has been the topic of a number of research analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 4,250 price target on shares of Clarkson in a research note on Tuesday, September 2nd. Peel Hunt reissued a “buy” rating and issued a GBX 4,250 price objective on shares of Clarkson in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 4,025.

Clarkson Stock Performance

The company has a market capitalization of £1.17 billion, a P/E ratio of 15.55 and a beta of 1.12. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. The company has a fifty day moving average price of GBX 3,653.02 and a two-hundred day moving average price of GBX 3,534.48.

Insider Transactions at Clarkson

In other Clarkson news, insider Constantin Cotzias purchased 742 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was purchased at an average price of GBX 3,485 per share, with a total value of £25,858.70. Company 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. 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.