Clarkson (LON:CKN) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Clarkson PLC's stock price has recently crossed above its 200-day moving average of GBX 3,425.67, reaching a high of GBX 3,686.47 during trading.
• Several analysts have reaffirmed a "buy" rating for Clarkson, with target prices set at GBX 4,250 and GBX 4,150 by Berenberg Bank and Deutsche Bank, respectively.
• Clarkson reported earnings of GBX 98.60 EPS for the recent quarter, and analysts anticipate an average annual EPS of approximately 283.01 for the current year.

Clarkson PLC (LON:CKN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,425.67 ($46.30) and traded as high as GBX 3,686.47 ($49.82). Clarkson shares last traded at GBX 3,660 ($49.47), with a volume of 105,825 shares.

Analyst Ratings Changes

A number of brokerages have commented on CKN. Berenberg Bank reissued a "buy" rating and set a GBX 4,250 target price on shares of Clarkson in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 4,150 price objective on shares of Clarkson in a report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of GBX 3,950.

Clarkson Stock Performance

The stock has a fifty day moving average of GBX 3,514.50 and a 200-day moving average of GBX 3,400.71. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. The stock has a market capitalization of £1.09 billion, a PE ratio of 1,458.16 and a beta of 1.12.

Clarkson (LON:CKN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported GBX 98.60 EPS for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. Equities analysts anticipate that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

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.