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

Key Points

• Clarkson PLC's stock price surpassed its 200-day moving average on Friday, reaching a high of GBX 3,593 ($48.51) during trading.
• Several research firms have revised their target prices for Clarkson, with Berenberg Bank lowering it to GBX 4,250 while others, including Deutsche Bank, maintain a buy rating with target prices ranging from GBX 3,450 to GBX 4,150.
• The company reported an earnings per share (EPS) of GBX 98.60 for the last quarter, with analysts predicting Clarkson will post an EPS of approximately £283 for the current fiscal year.

Clarkson PLC (LON:CKN - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,515.29 ($47.23) and traded as high as GBX 3,593 ($48.27). Clarkson shares last traded at GBX 3,495 ($46.96), with a volume of 129,005 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 4,150 price objective on shares of Clarkson in a report on Tuesday, August 5th. Berenberg Bank reiterated a "buy" rating and set a GBX 4,250 target price on shares of Clarkson in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 3,950.

Clarkson Trading Up 0.6%

The firm has a market capitalization of £1.06 billion, a PE ratio of 1,410.99 and a beta of 1.12. 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 fifty day moving average of GBX 3,466.72 and a 200 day moving average of GBX 3,489.05.

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

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.