Clarkson (LON:CKN) Shares Pass Above 200 Day Moving Average – Should You Sell?

Clarkson PLC (LON:CKN) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,620.32 and traded as high as GBX 4,150. Clarkson shares last traded at GBX 4,150, with a volume of 35,389 shares traded.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a report on Monday, January 12th. Peel Hunt reissued a “buy” rating and issued a GBX 4,250 target price on shares of Clarkson in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 4,262.50.

Clarkson Stock Performance

The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79. The company’s 50-day moving average price is GBX 3,798.35 and its 200 day moving average price is GBX 3,620.32. The stock has a market capitalization of £1.28 billion, a PE ratio of 17.02 and a beta of 1.12.

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.