Clarkson (LON:CKN) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Clarkson PLC's stock has surpassed its 200-day moving average, reaching a trading high of GBX 3,700 ($49.88) and closing at GBX 3,640.29 ($49.07).
• Analysts from Deutsche Bank and Berenberg Bank have issued buy ratings on Clarkson's shares, with target prices set at GBX 4,150 and GBX 4,250 respectively.
• The company reported earnings per share (EPS) of GBX 98.60 for the last quarter, indicating a net margin of 13.10% and a return on equity of 17.96%.

Shares of Clarkson PLC (LON:CKN - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,404.43 ($45.89) and traded as high as GBX 3,700 ($49.88). Clarkson shares last traded at GBX 3,640.29 ($49.07), with a volume of 17,463 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CKN shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 4,150 target price on shares of Clarkson in a report on Tuesday, August 5th. Berenberg Bank restated a "buy" rating and set a GBX 4,250 price target on shares of Clarkson in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Clarkson has a consensus rating of "Buy" and an average price target of GBX 3,950.

Clarkson Stock Performance

The firm has a fifty day moving average price of GBX 3,551.26 and a 200 day moving average price of GBX 3,404.43. 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 firm has a market cap of £1.11 billion, a PE ratio of 1,478.67 and a beta of 1.12.

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 net margin of 13.10% and a return on equity of 17.96%. As a group, equities research analysts expect that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

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.

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