Croda International (LON:CRDA) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Croda International Plc (LON:CRDA) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,825.35 and traded as high as GBX 3,067. Croda International shares last traded at GBX 3,041, with a volume of 26,249,225 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley raised shares of Croda International to an “overweight” rating and boosted their target price for the stock from GBX 3,280 to GBX 3,350 in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating for the company in a research report on Tuesday, March 24th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,000 target price on shares of Croda International in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Croda International presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,140.

Croda International Trading Down 0.1%

The company has a current ratio of 1.99, a quick ratio of 2.25 and a debt-to-equity ratio of 31.85. The business’s 50-day moving average is GBX 2,876.52 and its two-hundred day moving average is GBX 2,825.35. The firm has a market cap of £4.24 billion, a P/E ratio of 68.49, a P/E/G ratio of 1.40 and a beta of 0.90.

Croda International (LON:CRDA) last announced its quarterly earnings data on Tuesday, February 24th. The company reported GBX 146.20 earnings per share for the quarter. Croda International had a net margin of 3.65% and a return on equity of 2.82%. As a group, analysts expect that Croda International Plc will post 181.8307268 earnings per share for the current fiscal year.

Insider Activity at Croda International

In related news, insider Steve Foots sold 73 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 2,840, for a total transaction of £2,073.20. Also, insider Tom Brophy sold 1,020 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 2,652, for a total transaction of £27,050.40. In the last quarter, insiders acquired 771 shares of company stock valued at $2,151,538 and sold 4,715 shares valued at $12,351,292. Insiders own 0.83% of the company’s stock.

Croda International Company Profile

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.