Clarkson (LON:CKN) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

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) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,578.39 ($48.42) and traded as high as GBX 3,595 ($48.64). Clarkson shares last traded at GBX 3,575 ($48.37), with a volume of 22,887 shares traded.

Wall Street Analysts Forecast Growth

CKN has been the subject of several research analyst reports. Berenberg Bank reduced their price target on shares of Clarkson from GBX 4,800 ($64.94) to GBX 4,250 ($57.50) and set a "buy" rating for the company in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 4,150 ($56.15) price target on shares of Clarkson in a research report on Tuesday, August 5th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 3,450 ($46.68) price objective on shares of Clarkson in a report on Friday, May 2nd.

Clarkson Stock Performance

The firm's 50 day moving average price is GBX 3,401.16 and its two-hundred day moving average price is GBX 3,573.47. 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 £1.08 billion, a PE ratio of 13.01 and a beta of 1.12.

Clarkson (LON:CKN - Get Free Report) last released its earnings results on Monday, August 4th. The company reported GBX 98.60 ($1.33) earnings per share (EPS) for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. On average, research analysts forecast that Clarkson PLC will post 283.011583 earnings per share for the current year.

Insider Buying and Selling at Clarkson

In other news, insider Constantin Cotzias acquired 742 shares of Clarkson stock in a transaction dated Tuesday, May 20th. The shares were acquired at an average cost of GBX 3,549 ($48.02) per share, for a total transaction of £26,333.58 ($35,629.25). Insiders own 11.81% of the company's stock.

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.