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

Shares of Clarkson PLC (LON:CKN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,277.56 and traded as high as GBX 4,650. Clarkson shares last traded at GBX 4,573.76, with a volume of 37,295 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Canaccord Genuity Group upgraded Clarkson to a “hold” rating and raised their price objective for the company from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Berenberg Bank raised their price objective on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 4,775.

Clarkson Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66. The firm has a fifty day moving average price of GBX 4,744.99 and a 200 day moving average price of GBX 4,277.56. The firm has a market cap of £1.41 billion, a PE ratio of 21.48 and a beta of 0.70.

Clarkson (LON:CKN) last posted its quarterly earnings results on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. As a group, equities research analysts expect that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

Insider Buying and Selling at Clarkson

In related news, insider Constantin Cotzias purchased 1,097 shares of Clarkson stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of GBX 4,624 per share, for a total transaction of £50,725.28. Also, insider Jeff Woyda sold 60,000 shares of Clarkson stock in a transaction on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total value of £2,866,800. 5.57% of the stock is owned by 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.