Clarkson (LON:CKN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Clarkson PLC (LON:CKN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,479.52 and traded as high as GBX 4,770. Clarkson shares last traded at GBX 4,756, with a volume of 29,186 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised 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 research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Clarkson currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,775.

Clarkson Stock Performance

The company has a market capitalization of £1.46 billion, a P/E ratio of 22.34 and a beta of 0.70. The company has a 50-day simple moving average of GBX 4,581.66 and a 200 day simple moving average of GBX 4,479.52. The company has a debt-to-equity ratio of 10.66, a quick ratio of 1.69 and a current ratio of 1.78.

Insider Activity

In related news, insider Jeff Woyda sold 60,000 shares of Clarkson 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. Also, insider Constantin Cotzias acquired 1,127 shares of Clarkson stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of GBX 4,412 per share, with a total value of £49,723.24. 5.37% of the stock is currently owned by company insiders.

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.