Croda International (LON:CRDA) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Croda International Plc (LON:CRDA)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,725.22 and traded as high as GBX 2,992. Croda International shares last traded at GBX 2,968.62, with a volume of 356,059 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered shares of Croda International to a “hold” rating and reduced their target price for the stock from GBX 3,100 to GBX 3,000 in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Croda International currently has a consensus rating of “Hold” and an average price target of GBX 3,112.50.

Croda International Price Performance

The company’s fifty day moving average is GBX 2,796.36 and its two-hundred day moving average is GBX 2,725.22. The firm has a market capitalization of £4.13 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. The company has a quick ratio of 2.25, a current ratio of 2.72 and a debt-to-equity ratio of 30.90.

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.