Clarkson (LON:CKN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Clarkson PLC (LON:CKNGet Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,452.92 and traded as high as GBX 3,635. Clarkson shares last traded at GBX 3,590, with a volume of 60,573 shares changing hands.

Wall Street Analyst Weigh In

CKN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 4,150 price objective on shares of Clarkson in a research report on Tuesday, August 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 4,250 price target on shares of Clarkson in a report on Wednesday, November 5th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 4,250 price objective on shares of Clarkson in a report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Clarkson presently has a consensus rating of “Buy” and an average price target of GBX 4,025.

Get Our Latest Report on CKN

Clarkson Stock Performance

The business’s fifty day moving average is GBX 3,558.52 and its two-hundred day moving average is GBX 3,452.92. The stock has a market capitalization of £1.11 billion, a PE ratio of 14.78 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45.

Insider Activity at Clarkson

In other Clarkson news, insider Constantin Cotzias bought 742 shares of Clarkson stock in a transaction dated Friday, October 17th. The shares were purchased at an average cost of GBX 3,485 per share, for a total transaction of £25,858.70. 5.59% of the stock is owned by insiders.

Clarkson Company Profile

(Get Free Report)

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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