Clarkson (LON:CKN) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Clarkson PLC's shares have recently crossed above their 200-day moving average, with a current trading price of GBX 3,486.35 ($47.19).
• Analysts maintain a consensus "Buy" rating for Clarkson, with a price target average of GBX 3,950, influenced by positive ratings from Berenberg Bank and Deutsche Bank.
• The company reported a GBX 98.60 EPS for the last quarter and has a projected EPS of 283.01 for the current fiscal year.

Shares of Clarkson PLC (LON:CKN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,462.31 ($46.86) and traded as high as GBX 3,495 ($47.31). Clarkson shares last traded at GBX 3,486.35 ($47.19), with a volume of 48,981 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 4,250 price target on shares of Clarkson in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 4,150 target price on shares of Clarkson in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Clarkson presently has a consensus rating of "Buy" and an average price target of GBX 3,950.

Clarkson Trading Up 0.8%

The firm has a 50 day simple moving average of GBX 3,482.77 and a 200 day simple moving average of GBX 3,462.31. 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 P/E ratio of 1,430.00 and a beta of 1.12.

Clarkson (LON:CKN - Get Free Report) last issued 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%. On average, equities research analysts predict that Clarkson PLC will post 283.011583 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.