Clarkson (LON:CKN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Clarkson PLC (LON:CKN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,363.74 and traded as high as GBX 4,542. Clarkson shares last traded at GBX 4,448, with a volume of 36,084 shares.

Wall Street Analyst Weigh In

CKN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Clarkson from GBX 4,850 to GBX 4,950 and gave the stock a “buy” rating in a report on Thursday, March 19th. Berenberg Bank increased their target price on Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Canaccord Genuity Group upgraded Clarkson to a “hold” rating and increased their target price for the stock from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Clarkson presently has an average rating of “Moderate Buy” and an average target price of GBX 4,775.

Clarkson Stock Performance

The stock has a fifty day simple moving average of GBX 4,750.92 and a 200-day simple moving average of GBX 4,363.74. The company has a debt-to-equity ratio of 10.66, a quick ratio of 1.69 and a current ratio of 1.78. The stock has a market cap of £1.37 billion, a P/E ratio of 20.89 and a beta of 0.69.

Insider Transactions at Clarkson

In related news, insider Jeff Woyda sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. 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.