Croda International (LON:CRDA) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Croda International Plc (LON:CRDA)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,872.78 and traded as high as GBX 3,055. Croda International shares last traded at GBX 3,024, with a volume of 30,969,088 shares changing hands.

Analysts Set New Price Targets

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

Croda International Trading Up 1.5%

The firm has a market capitalization of £4.21 billion, a PE ratio of 68.11, a P/E/G ratio of 1.40 and a beta of 0.91. The business has a 50 day moving average price of GBX 2,955.37 and a 200-day moving average price of GBX 2,872.78. The company has a current ratio of 1.99, a quick ratio of 2.25 and a debt-to-equity ratio of 31.85.

Insiders Place Their Bets

In related news, insider Steve Foots sold 73 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of GBX 2,840, for a total transaction of £2,073.20. Insiders acquired a total of 25 shares of company stock worth $73,400 over the last quarter. Corporate insiders own 0.83% of the company’s stock.

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.