Croda International (LON:CRDA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Croda International Plc (LON:CRDA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,825.35 and traded as high as GBX 3,067. Croda International shares last traded at GBX 3,041, with a volume of 26,249,225 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CRDA shares. Morgan Stanley upgraded shares of Croda International to an “overweight” rating and upped their target price for the company from GBX 3,280 to GBX 3,350 in a report on Wednesday, March 25th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,000 price target on shares of Croda International in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating for the company in a research note on Tuesday, March 24th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,140.

Croda International Stock Performance

The stock has a market cap of £4.24 billion, a price-to-earnings ratio of 68.49, a PEG ratio of 1.40 and a beta of 0.90. The stock’s 50 day moving average is GBX 2,876.52 and its two-hundred day moving average is GBX 2,825.35. The company has a current ratio of 1.99, a quick ratio of 2.25 and a debt-to-equity ratio of 31.85.

Insider Buying and Selling

In related news, insider Tom Brophy sold 1,020 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 2,652, for a total transaction of £27,050.40. Also, insider Danuta Gray purchased 750 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of GBX 2,788 per share, with a total value of £20,910. In the last 90 days, insiders acquired 771 shares of company stock worth $2,151,538 and sold 4,715 shares worth $12,351,292. 0.83% of the stock is owned by company insiders.

Croda International Company Profile

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.