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

Clarkson PLC (LON:CKN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,602.35 and traded as high as GBX 5,055. Clarkson shares last traded at GBX 4,964.83, with a volume of 3,624,073 shares.

Wall Street Analysts Forecast Growth

CKN has been the subject of several recent research reports. Berenberg Bank increased their price objective on shares of Clarkson from GBX 5,250 to GBX 5,925 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and upped their target price for the company from GBX 4,400 to GBX 4,650 in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Clarkson has an average rating of “Moderate Buy” and a consensus price target of GBX 5,031.25.

Clarkson Stock Performance

The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 10.87. The company has a 50 day moving average of GBX 4,662.18 and a 200 day moving average of GBX 4,610.36. The firm has a market cap of £1.54 billion, a price-to-earnings ratio of 20.07 and a beta of 0.70.

Clarkson (LON:CKN) last issued its quarterly earnings results on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. As a group, equities research analysts expect that Clarkson PLC will post 283.011583 EPS for the current fiscal year.

Insider Activity at Clarkson

In related news, insider Constantin Cotzias purchased 1,127 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average price of GBX 4,412 per share, with a total value of £49,723.24. Company insiders own 5.37% 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.