Croda International (LON:CRDA) Shares Cross Above 200-Day Moving Average – Time to Sell?

Croda International Plc (LON:CRDA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,872.78 and traded as high as GBX 3,055. Croda International shares last traded at GBX 3,024, with a volume of 30,969,088 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRDA. Jefferies Financial Group restated a “hold” rating and set a GBX 3,000 target price on shares of Croda International in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating on the stock in a research note on Tuesday, March 24th. Finally, Morgan Stanley raised Croda International to an “overweight” rating and upped their price target for the stock from GBX 3,280 to GBX 3,350 in a report on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Croda International has an average rating of “Moderate Buy” and a consensus target price of GBX 3,140.

Croda International Price Performance

The stock has a 50 day moving average price of GBX 2,954.73 and a two-hundred day moving average price of GBX 2,874.78. The firm has a market capitalization of £4.20 billion, a price-to-earnings ratio of 67.88, a PEG ratio of 1.40 and a beta of 0.91. The company has a debt-to-equity ratio of 31.85, a current ratio of 1.99 and a quick ratio of 2.25.

Insider Activity

In other news, insider Steve Foots sold 73 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 2,840, for a total value of £2,073.20. Insiders have bought a total of 25 shares of company stock worth $73,400 over the last 90 days. 0.83% of the stock is currently owned by corporate insiders.

About Croda International

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.