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

Clarkson PLC (LON:CKN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,441.60 and traded as high as GBX 4,502. Clarkson shares last traded at GBX 4,496, with a volume of 30,133 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and boosted their target price for the stock from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a research note on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 4,775.

Clarkson Stock Up 1.6%

The company has a market cap of £1.38 billion, a price-to-earnings ratio of 21.12 and a beta of 0.70. The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. The firm has a 50-day moving average price of GBX 4,603.21 and a 200 day moving average price of GBX 4,441.60.

Insider Buying and Selling at Clarkson

In other news, insider Constantin Cotzias purchased 1,127 shares of Clarkson stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of GBX 4,412 per share, for a total transaction of £49,723.24. Also, insider Jeff Woyda sold 60,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of GBX 4,778, for a total value of £2,866,800. Insiders own 5.37% of the company’s stock.

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.