Clarkson (LON:CKN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Clarkson PLC (LON:CKN)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,914.50 ($50.08) and traded as high as GBX 4,450 ($56.93). Clarkson shares last traded at GBX 4,370 ($55.90), with a volume of 52,136 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 4,500 ($57.57) price objective on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Price Performance

The firm has a market cap of £1.35 billion, a price-to-earnings ratio of 16.34 and a beta of 1.12. The company’s fifty day moving average is GBX 4,240.31 and its 200 day moving average is GBX 3,914.50. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45.

Clarkson Company Profile

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.