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

Clarkson PLC (LON:CKN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,408.77 and traded as high as GBX 4,474. Clarkson shares last traded at GBX 4,474, with a volume of 60,647 shares traded.

Analyst Ratings Changes

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

Clarkson Stock Performance

The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 10.66. The stock has a fifty day simple moving average of GBX 4,643.67 and a 200-day simple moving average of GBX 4,408.77. The company has a market capitalization of £1.37 billion, a P/E ratio of 21.01 and a beta of 0.69.

Insider Transactions at Clarkson

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

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.