Croda International (LON:CRDA) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Croda International Plc (LON:CRDA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,003.35 and traded as high as GBX 3,339. Croda International shares last traded at GBX 3,327, with a volume of 22,335,871 shares trading hands.

Analysts Set New Price Targets

CRDA has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Croda International from GBX 3,050 to GBX 3,200 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 3,300 target price on shares of Croda International in a report on Wednesday, July 29th. Berenberg Bank reissued a “buy” rating and set a GBX 3,600 price target on shares of Croda International in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group raised their price objective on Croda International from GBX 3,500 to GBX 4,000 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Croda International has an average rating of “Moderate Buy” and a consensus price target of GBX 3,490.

Croda International Stock Performance

The company has a current ratio of 2.57, a quick ratio of 2.25 and a debt-to-equity ratio of 36.06. The stock’s 50 day moving average is GBX 3,172.75 and its 200 day moving average is GBX 3,005.72. The stock has a market capitalization of £4.46 billion, a price-to-earnings ratio of 56.31, a PEG ratio of 1.40 and a beta of 0.92.

Croda International (LON:CRDA) last announced its earnings results on Tuesday, July 28th. The company reported GBX 72.20 earnings per share (EPS) for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. On average, analysts predict that Croda International Plc will post 181.8307268 earnings per share for the current year.

Insider Activity

In related news, insider Stephen Oxley sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total value of £43,035.46. In the last three months, insiders purchased 25 shares of company stock worth $77,970. Insiders own 0.83% of the company’s stock.

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.