Clarkson PLC (LON:CKN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,401.84 ($42.73) and traded as high as GBX 4,010 ($50.37). Clarkson shares last traded at GBX 4,000 ($50.24), with a volume of 88,554 shares changing hands.
Wall Street Analyst Weigh In
CKN has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Clarkson from GBX 4,080 ($51.25) to GBX 4,320 ($54.26) and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group lifted their price objective on shares of Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the stock a “buy” rating in a research note on Tuesday, March 5th.
Get Our Latest Stock Analysis on CKN
Clarkson Stock Up 2.0 %
Clarkson Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be given a GBX 72 ($0.90) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from Clarkson’s previous dividend of $30.00. This represents a dividend yield of 1.96%. Clarkson’s payout ratio is 3,722.63%.
Insider Transactions at Clarkson
In other Clarkson news, insider Jeff Woyda sold 18,773 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($51.19), for a total transaction of £764,999.75 ($960,934.24). Corporate insiders own 11.01% 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.
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