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

Key Points

• Clarkson shares moved above their 200-day moving average, reaching GBX 5,055 before last trading at GBX 4,964.83, while volume exceeded 3.6 million shares.
• Analysts remain broadly positive: three rate the stock a Buy and one a Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 5,031.25.
• Clarkson reported quarterly EPS of GBX 147.60, with a 14.50% return on equity and 10.40% net margin; insider Constantin Cotzias also purchased approximately £49,700 of shares.

Clarkson PLC (LON:CKN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,602.35 and traded as high as GBX 5,055. Clarkson shares last traded at GBX 4,964.83, with a volume of 3,624,073 shares trading hands.

Wall Street Analyst Weigh In

CKN has been the topic of several recent research reports. Canaccord Genuity Group raised shares of Clarkson to a "hold" rating and lifted their target price for the stock from GBX 4,400 to GBX 4,650 in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, Berenberg Bank raised their price target on shares of Clarkson from GBX 5,250 to GBX 5,925 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Clarkson currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,031.25.

Clarkson Stock Down 0.2%

The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 10.87. The firm has a market capitalization of £1.53 billion, a PE ratio of 19.83 and a beta of 0.70. The business has a 50-day moving average price of GBX 4,655.52 and a 200-day moving average price of GBX 4,602.35.

Clarkson (LON:CKN - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. Equities research analysts forecast that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

Insider Activity at Clarkson

In related news, insider Constantin Cotzias purchased 1,127 shares of Clarkson stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of GBX 4,412 per share, for a total transaction of £49,723.24. 5.37% of the stock is currently owned by corporate 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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