Clarkson (LON:CKN) Shares Break Above 200-Day Moving Average – Time to Sell?

Clarkson PLC (LON:CKN)’s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 4,742.96 and traded as high as GBX 5,145. Clarkson shares last traded at GBX 5,112.71, with a volume of 63,073 shares traded.

Analyst Ratings Changes

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

Clarkson Price Performance

The company has a market cap of £1.58 billion, a price-to-earnings ratio of 20.53 and a beta of 0.70. The company’s 50-day simple moving average is GBX 4,954.91 and its 200-day simple moving average is GBX 4,753.02. The company has a debt-to-equity ratio of 10.87, a current ratio of 1.69 and a quick ratio of 1.69.

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

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.