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

Clarkson PLC (LON:CKN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,710 and traded as high as GBX 4,230. Clarkson shares last traded at GBX 3,997.50, with a volume of 3,400,107 shares trading hands.

Analyst Upgrades and Downgrades

CKN has been the subject of a number of recent analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 4,250 price target on shares of Clarkson in a report on Wednesday, November 5th. Canaccord Genuity Group increased their price target on shares of Clarkson from GBX 4,000 to GBX 4,400 and gave the stock a “buy” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 4,262.50.

Clarkson Price 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 has a 50-day moving average of GBX 3,972.38 and a 200-day moving average of GBX 3,710. The stock has a market capitalization of £1.24 billion, a price-to-earnings ratio of 16.47 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.