Clarkson (LON:CKN) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Clarkson PLC (LON:CKN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,363.74 and traded as high as GBX 4,542. Clarkson shares last traded at GBX 4,448, with a volume of 36,084 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Canaccord Genuity Group raised Clarkson to a “hold” rating and boosted their price target for the stock from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Berenberg Bank raised their price objective on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Clarkson from GBX 4,850 to GBX 4,950 and gave the stock a “buy” rating in a report on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,775.

Clarkson Stock Down 0.3%

The company’s 50-day moving average is GBX 4,744.80 and its 200 day moving average is GBX 4,368.11. The stock has a market capitalization of £1.35 billion, a PE ratio of 20.60 and a beta of 0.69. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66.

Insider Buying and Selling

In related news, insider Constantin Cotzias purchased 1,127 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of GBX 4,412 per share, with a total value of £49,723.24. Also, insider Jeff Woyda sold 60,000 shares of Clarkson stock in a transaction on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Corporate insiders own 5.57% of the company’s stock.

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. 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.