Clarkson (LON:CKN) Stock Breaks Above Two Hundred Day Moving Average – Here’s Why

Shares of Clarkson PLC (LON:CKN – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 4,767.91 and traded as high as GBX 5,160. Clarkson shares last traded at GBX 5,057.90, with a volume of 1,123,909 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CKN shares. Deutsche Bank Aktiengesellschaft raised their price target on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Berenberg Bank increased their target price on Clarkson from GBX 5,250 to GBX 5,925 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,031.25.

Read Our Latest Research Report on CKN

Clarkson Price Performance

The company has a 50 day simple moving average of GBX 4,987.96 and a 200-day simple moving average of GBX 4,770.35. The stock has a market cap of £1.55 billion, a price-to-earnings ratio of 20.09 and a beta of 0.70. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 10.87.

Clarkson (LON:CKN – Get Free Report) 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%. Research analysts expect that Clarkson PLC will post 283.011583 EPS for the current year.

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. 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.

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