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

Clarkson PLC (LON:CKN) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,736.40 and traded as high as GBX 4,255. Clarkson shares last traded at GBX 4,195, with a volume of 20,227 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on CKN. Peel Hunt reaffirmed a “buy” rating and issued a GBX 4,250 price objective on shares of Clarkson in a report on Wednesday, November 5th. Canaccord Genuity Group raised their target price on Clarkson from GBX 4,000 to GBX 4,400 and gave the stock a “buy” rating in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Clarkson has an average rating of “Buy” and an average target price of GBX 4,262.50.

Clarkson Stock Up 1.1%

The company has a market capitalization of £1.29 billion, a PE ratio of 17.21 and a beta of 1.12. The company’s fifty day moving average is GBX 4,014.35 and its 200-day moving average is GBX 3,736.40. The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79.

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.