Clarkson (LON:CKN) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Clarkson PLC (LON:CKN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,899.96 and traded as high as GBX 4,700. Clarkson shares last traded at GBX 4,575, with a volume of 152,892 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CKN shares. Deutsche Bank Aktiengesellschaft upped their price target 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. Berenberg Bank lifted their price objective on shares of Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a GBX 4,400 target price on shares of Clarkson in a research note on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Clarkson currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,712.50.

Clarkson Price Performance

The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66. The firm’s 50-day moving average price is GBX 4,309.31 and its two-hundred day moving average price is GBX 3,902.61. The stock has a market cap of £1.41 billion, a PE ratio of 18.77 and a beta of 0.89.

Clarkson (LON:CKN) last issued its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 earnings per share (EPS) for the quarter. Clarkson had a net margin of 10.41% and a return on equity of 12.93%. On average, equities analysts expect that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Constantin Cotzias purchased 1,097 shares of Clarkson stock in a transaction dated Thursday, March 19th. The stock was purchased at an average cost of GBX 4,624 per share, with a total value of £50,725.28. 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.