Clarkson (LON:CKN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Clarkson PLC (LON:CKN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,322.08 and traded as high as GBX 4,742. Clarkson shares last traded at GBX 4,680, with a volume of 3,215,189 shares traded.

Analyst Upgrades and Downgrades

CKN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a report on Thursday, March 19th. Berenberg Bank boosted their price target on shares of Clarkson from GBX 4,750 to GBX 5,250 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and boosted their price target for the stock from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Clarkson currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,775.

Clarkson Trading Up 1.2%

The company has a fifty day simple moving average of GBX 4,760.28 and a 200-day simple moving average of GBX 4,338.03. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66. The stock has a market cap of £1.48 billion, a price-to-earnings ratio of 22.61 and a beta of 0.69.

Clarkson (LON:CKN) last posted its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 earnings per share (EPS) for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. On average, research analysts forecast that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

Insider Activity

In other Clarkson news, insider Jeff Woyda sold 60,000 shares of Clarkson stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Also, insider Constantin Cotzias bought 1,097 shares of the stock in a transaction on Thursday, March 19th. The shares were acquired at an average cost of GBX 4,624 per share, for a total transaction of £50,725.28. 5.57% of the stock is currently owned by insiders.

About Clarkson

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.