Clarkson PLC (LON:CKN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,353.14 ($41.42) and traded as high as GBX 4,123.40 ($50.93). Clarkson shares last traded at GBX 4,065 ($50.21), with a volume of 151,410 shares changing hands.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on CKN shares. JPMorgan Chase & Co. boosted their target price on shares of Clarkson from GBX 4,080 ($50.40) to GBX 4,320 ($53.36) and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group boosted their target price on shares of Clarkson from GBX 4,325 ($53.42) to GBX 4,500 ($55.58) and gave the company a “buy” rating in a research note on Tuesday, March 5th.
Check Out Our Latest Stock Analysis on CKN
Clarkson Price Performance
Clarkson Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be paid a GBX 72 ($0.89) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Clarkson’s previous dividend of $30.00. This represents a dividend yield of 1.96%. Clarkson’s dividend payout ratio is 3,722.63%.
Insider Transactions at Clarkson
In other news, insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 4,075 ($50.33), for a total value of £764,999.75 ($944,910.76). 11.01% 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.
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