Croda International (LON:CRDA) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of Croda International Plc (LON:CRDA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,816.23 and traded as high as GBX 2,868. Croda International shares last traded at GBX 2,868, with a volume of 53,995,582 shares.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRDA. Deutsche Bank Aktiengesellschaft cut their price target on shares of Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating for the company in a research note on Tuesday, March 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,000 price objective on shares of Croda International in a research note on Wednesday, April 22nd. Finally, Morgan Stanley raised shares of Croda International to an “overweight” rating and upped their price objective for the company from GBX 3,280 to GBX 3,350 in a research note on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,140.

Croda International Stock Up 4.3%

The company has a market cap of £4.17 billion, a PE ratio of 67.36, a PEG ratio of 1.40 and a beta of 0.90. The stock’s 50 day moving average price is GBX 2,841.80 and its 200-day moving average price is GBX 2,817.46. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.25 and a current ratio of 1.99.

Croda International (LON:CRDA) last posted its quarterly earnings results on Tuesday, February 24th. The company reported GBX 146.20 EPS for the quarter. Croda International had a net margin of 3.65% and a return on equity of 2.82%. On average, analysts predict that Croda International Plc will post 181.8307268 earnings per share for the current year.

Insider Activity at Croda International

In other news, insider Danuta Gray purchased 750 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of GBX 2,788 per share, for a total transaction of £20,910. Also, insider Steve Foots sold 73 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of GBX 2,840, for a total transaction of £2,073.20. In the last three months, insiders bought 771 shares of company stock worth $2,151,538 and sold 4,715 shares worth $12,351,292. 0.83% of the stock is currently owned by company insiders.

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.