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

Key Points

• Clarkson PLC shares rose above their 200-day moving average during trading, with a recent high of GBX 3,595 ($48.54).
• Equities analysts have mixed ratings on Clarkson, with Deutsche Bank setting a buy rating and a price target of GBX 4,150 ($56.03), while Berenberg Bank reduced their price target to GBX 4,250 ($57.38).
• The company reported an earnings per share (EPS) of GBX 98.60 ($1.33) with predictions of 283.01 EPS for the current fiscal year.

Clarkson PLC (LON:CKN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,578.39 ($48.50) and traded as high as GBX 3,595 ($48.73). Clarkson shares last traded at GBX 3,575 ($48.45), with a volume of 22,887 shares traded.

Wall Street Analysts Forecast Growth

CKN has been the subject of several recent analyst reports. Berenberg Bank reduced their price objective on shares of Clarkson from GBX 4,800 ($65.06) to GBX 4,250 ($57.60) and set a "buy" rating for the company in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 4,150 ($56.25) price objective on shares of Clarkson in a research note on Tuesday, August 5th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 3,450 ($46.76) price objective on shares of Clarkson in a research note on Friday, May 2nd.

Clarkson Price Performance

The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 12.93 and a beta of 1.12. The stock's 50 day simple moving average is GBX 3,403.44 and its 200-day simple moving average is GBX 3,563.73.

Clarkson (LON:CKN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported GBX 98.60 ($1.34) earnings per share (EPS) for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. Equities research analysts anticipate that Clarkson PLC will post 283.011583 EPS for the current fiscal year.

Insider Activity at Clarkson

In other Clarkson news, insider Constantin Cotzias acquired 742 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were acquired at an average cost of GBX 3,549 ($48.10) per share, with a total value of £26,333.58 ($35,692.03). 11.81% of the stock is owned by company insiders.

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.