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

Shares of Clarkson PLC (LON:CKN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,322.08 and traded as high as GBX 4,742. Clarkson shares last traded at GBX 4,680, with a volume of 3,215,189 shares changing hands.

Analysts Set New Price Targets

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

Clarkson Trading Down 0.0%

The company has a market cap of £1.44 billion, a P/E ratio of 21.97 and a beta of 0.70. The stock’s 50 day moving average is GBX 4,752.15 and its 200-day moving average is GBX 4,322.08. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66.

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

Insider Transactions at Clarkson

In other news, insider Constantin Cotzias purchased 1,097 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought 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 the company’s 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. Insiders own 5.57% of the company’s stock.

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.