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

Clarkson logo with Industrials background

Key Points

  • Clarkson PLC shares recently traded above their two-hundred day moving average of GBX 3,403.98, reaching a high of GBX 3,595 ($48.18) during trading.
  • Multiple analysts have reaffirmed a "buy" rating for Clarkson, with price targets set at £4,250 by Berenberg Bank and £4,150 by Deutsche Bank.
  • Clarkson reported earnings of GBX 98.60 per share for the last quarter, with a projected annual EPS of approximately 283 based on analyst estimates.
  • MarketBeat previews the top five stocks to own by October 1st.

Clarkson PLC (LON:CKN - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,403.98 ($45.62) and traded as high as GBX 3,595 ($48.18). Clarkson shares last traded at GBX 3,595 ($48.18), with a volume of 34,107 shares traded.

Wall Street Analyst Weigh In

Several analysts have weighed in on CKN shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 4,250 price objective on shares of Clarkson in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 4,150 target price on shares of Clarkson in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 3,950.

Get Our Latest Stock Report on Clarkson

Clarkson Stock Up 0.8%

The firm's 50-day moving average is GBX 3,528.10 and its two-hundred day moving average is GBX 3,403.98. The stock has a market cap of £1.10 billion, a P/E ratio of 1,474.57 and a beta of 1.12. The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79.

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

About Clarkson

(Get Free Report)

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.

See Also

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