Clarkson (LON:CKN) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Clarkson PLC's share price crossed above its 200-day moving average, trading as high as GBX 3,595, indicating a positive trend in the stock's performance.
• Analysts have set a consensus price target of GBX 3,950, with three brokerages maintaining a "Buy" rating despite some recent price adjustments.
• The company reported earnings of GBX 98.60 per share for the last quarter, reflecting a return on equity of 17.96% and a net margin of 13.10%.

Clarkson PLC (LON:CKN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,548.50 ($47.90) and traded as high as GBX 3,595 ($48.53). Clarkson shares last traded at GBX 3,570 ($48.19), with a volume of 93,700 shares trading hands.

Wall Street Analysts Forecast Growth

CKN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 4,150 target price on shares of Clarkson in a research report on Tuesday, August 5th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 3,450 target price on shares of Clarkson in a research report on Friday, May 2nd. Finally, Berenberg Bank decreased their target price on Clarkson from GBX 4,800 to GBX 4,250 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Clarkson presently has a consensus rating of "Buy" and an average target price of GBX 3,950.

Clarkson Stock Down 0.7%

The business has a fifty day simple moving average of GBX 3,441.74 and a two-hundred day simple moving average of GBX 3,526.99. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45. The company has a market cap of £1.11 billion, a PE ratio of 13.41 and a beta of 1.12.

Clarkson (LON:CKN - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities research analysts predict that Clarkson PLC will post 283.011583 earnings per share for the current 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.