Clarkson (LON:CKN) Stock Crosses Above Two Hundred Day Moving Average of $3,758.17

Shares of Clarkson PLC (LON:CKN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,758.17 ($47.67) and traded as high as GBX 4,240 ($53.79). Clarkson shares last traded at GBX 4,240 ($53.79), with a volume of 46,543 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 4,950 ($62.79) price target on shares of Clarkson in a research report on Tuesday, May 7th. Canaccord Genuity Group upped their price target on shares of Clarkson from GBX 4,325 ($54.86) to GBX 4,500 ($57.08) and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Clarkson from GBX 4,080 ($51.76) to GBX 4,320 ($54.80) and gave the stock an “overweight” rating in a research report on Tuesday, March 5th.

Clarkson Stock Performance

The stock has a market capitalization of £1.27 billion, a price-to-earnings ratio of 1,510.95 and a beta of 1.16. The company’s fifty day simple moving average is GBX 4,066.10 and its 200 day simple moving average is GBX 3,772.36. The company has a quick ratio of 1.69, a current ratio of 1.59 and a debt-to-equity ratio of 9.46.

Insider Buying and Selling at Clarkson

In other Clarkson news, insider Andi Case sold 4,678 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of GBX 4,000 ($50.74), for a total value of £187,120 ($237,371.56). In other Clarkson news, insider Andi Case sold 4,678 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of GBX 4,000 ($50.74), for a total value of £187,120 ($237,371.56). Also, insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 4,075 ($51.69), for a total transaction of £764,999.75 ($970,442.41). Corporate insiders own 11.18% of the company’s stock.

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.