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

Key Points

• Clarkson shares crossed above their 200-day moving average (200‑day = GBX 4,086.51), trading as high as GBX 4,794 and last at GBX 4,775.31 on a volume of 135,974 shares, signaling a technical breakout.
• Analysts from Deutsche Bank and Berenberg raised price targets (to GBX 4,950 and GBX 5,250 respectively) and issued Buy ratings, leaving a MarketBeat consensus of Moderate Buy with an average target of GBX 4,712.50.
• An insider (Constantin Cotzias) purchased 1,097 shares at GBX 4,624 and insiders own 5.57%; the company reported quarterly EPS GBX 225.80, a market cap of £1.47 billion and a PE of 22.43, highlighting solid fundamentals.

Clarkson PLC (LON:CKN - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,086.51 and traded as high as GBX 4,794. Clarkson shares last traded at GBX 4,775.31, with a volume of 135,974 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CKN shares. Deutsche Bank Aktiengesellschaft increased their price objective on Clarkson from GBX 4,850 to GBX 4,950 and gave the company a "buy" rating in a report on Thursday, March 19th. Berenberg Bank upped their target price on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a "buy" rating in a research report on Tuesday, March 10th. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a GBX 4,400 price target on shares of Clarkson in a report on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Clarkson presently has a consensus rating of "Moderate Buy" and an average price target of GBX 4,712.50.

Clarkson Trading Down 0.4%

The stock has a market cap of £1.47 billion, a PE ratio of 22.43 and a beta of 0.72. The company has a debt-to-equity ratio of 10.66, a quick ratio of 1.69 and a current ratio of 1.78. The company has a 50 day moving average of GBX 4,582.18 and a two-hundred day moving average of GBX 4,086.51.

Clarkson (LON:CKN - Get Free Report) last issued its quarterly earnings results on Monday, March 9th. The company reported GBX 225.80 earnings per share (EPS) for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. Sell-side analysts anticipate that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

Insider Transactions at Clarkson

In related news, insider Constantin Cotzias purchased 1,097 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of GBX 4,624 per share, with a total value of £50,725.28. Corporate insiders own 5.57% of the company's stock.

About Clarkson

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.

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