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

Shares of Clarkson PLC (LON:CKN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,899.96 and traded as high as GBX 4,700. Clarkson shares last traded at GBX 4,575, with a volume of 152,892 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CKN. Canaccord Genuity Group restated a “hold” rating and set a GBX 4,400 price objective on shares of Clarkson in a research report on Thursday, March 19th. Berenberg Bank increased their price target on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a report on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,712.50.

Clarkson Trading Down 1.8%

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 stock’s 50 day moving average is GBX 4,309.31 and its 200-day moving average is GBX 3,899.96. The company has a market cap of £1.41 billion, a PE ratio of 18.77 and a beta of 0.89.

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a net margin of 10.41% and a return on equity of 12.93%. As a group, sell-side analysts anticipate that Clarkson PLC will post 283.011583 EPS for the current year.

Insider Buying and Selling

In related news, insider Constantin Cotzias purchased 1,097 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of GBX 4,624 per share, for a total transaction of £50,725.28. Corporate insiders own 5.57% of the company’s stock.

Clarkson Company Profile

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.