Croda International (LON:CRDA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Croda International Plc (LON:CRDA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,709.19 and traded as high as GBX 2,860. Croda International shares last traded at GBX 2,845, with a volume of 365,051 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Croda International from GBX 3,000 to GBX 3,100 and gave the company a “hold” rating in a report on Thursday, October 16th. Jefferies Financial Group lowered shares of Croda International to a “hold” rating and cut their target price for the company from GBX 3,100 to GBX 3,000 in a research note on Tuesday, November 11th. Finally, Berenberg Bank lifted their price target on shares of Croda International from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 3,112.50.

Croda International Trading Up 1.5%

The company has a current ratio of 2.72, a quick ratio of 2.25 and a debt-to-equity ratio of 30.90. The stock has a market cap of £4.06 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 1.40 and a beta of 0.74. The company has a fifty day simple moving average of GBX 2,736.52 and a 200-day simple moving average of GBX 2,709.19.

About Croda International

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. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.