Croda International (LON:CRDA) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Croda International Plc (LON:CRDA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,817.72 ($37.68) and traded as high as GBX 2,895 ($38.71). Croda International shares last traded at GBX 2,880 ($38.51), with a volume of 1,006,680 shares.

Wall Street Analyst Weigh In

CRDA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Croda International from GBX 3,000 to GBX 3,100 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Berenberg Bank increased their price objective on shares of Croda International from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. upgraded shares of Croda International to an “overweight” rating in a research note on Wednesday, July 30th. Citigroup decreased their target price on shares of Croda International from GBX 3,300 to GBX 3,050 and set a “neutral” rating on the stock in a research note on Friday, October 3rd. Finally, Jefferies Financial Group decreased their target price on shares of Croda International from GBX 3,200 to GBX 3,100 and set a “buy” rating on the stock in a research note on Friday, October 17th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,137.50.

Croda International Stock Performance

The company has a debt-to-equity ratio of 30.90, a quick ratio of 2.25 and a current ratio of 2.72. The business’s fifty day simple moving average is GBX 2,633.97 and its 200-day simple moving average is GBX 2,817.72. The firm has a market capitalization of £4.00 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74.

Croda International (LON:CRDA) last announced its quarterly earnings data on Tuesday, July 29th. The company reported GBX 72.20 earnings per share (EPS) for the quarter. Croda International had a net margin of 9.98% and a return on equity of 6.96%. As a group, equities research analysts expect that Croda International Plc will post 181.8307268 EPS for the current year.

Insider Buying and Selling at Croda International

In other Croda International news, insider Jacqui Ferguson bought 393 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of GBX 2,524 per share, with a total value of £9,919.32. Also, insider Danuta Gray purchased 545 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average price of GBX 2,550 per share, with a total value of £13,897.50. Over the last 90 days, insiders bought 11,333 shares of company stock worth $29,793,789. Insiders own 0.83% of the company’s stock.

Croda International Company Profile

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world.