Croda International (LON:CRDA) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Croda International Plc (LON:CRDA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,891.18 and traded as high as GBX 2,949. Croda International shares last traded at GBX 2,916, with a volume of 209,835 shares.

Analysts Set New Price Targets

CRDA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating for the company in a report on Tuesday, March 24th. Morgan Stanley raised Croda International to an “overweight” rating and lifted their price objective for the stock from GBX 3,280 to GBX 3,350 in a report on Wednesday, March 25th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 3,000 price objective on shares of Croda International in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Croda International currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,140.

Croda International Stock Performance

The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.25 and a current ratio of 1.99. The firm’s 50-day moving average price is GBX 2,968.16 and its two-hundred day moving average price is GBX 2,891.18. The firm has a market capitalization of £4.06 billion, a price-to-earnings ratio of 65.68, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92.

Insider Buying and Selling

In other Croda International news, insider Steve Foots sold 73 shares of the firm’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. Insiders have bought a total of 25 shares of company stock worth $72,490 in the last three months. 0.83% of the stock is owned by company insiders.

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.