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Clarkson (LON:CKN) Stock Passes Above 200 Day Moving Average - Time to Sell?

Clarkson logo with Industrials background

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.
  • MarketBeat previews the top five stocks to own by November 1st.

Clarkson PLC (LON:CKN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,462.31 ($47.26) and traded as high as GBX 3,495 ($47.71). Clarkson shares last traded at GBX 3,486.35 ($47.59), with a volume of 48,981 shares trading hands.

Wall Street Analyst Weigh In

CKN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 4,150 price objective on shares of Clarkson in a research note on Tuesday, August 5th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 4,250 price target on shares of Clarkson in a report on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of GBX 3,950.

Check Out Our Latest Analysis on CKN

Clarkson Stock Up 0.1%

The firm has a 50 day moving average price of GBX 3,497.80 and a 200-day moving average price of GBX 3,430.15. The firm has a market cap of £1.08 billion, a price-to-earnings ratio of 1,446.78 and a beta of 1.12. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69.

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

About Clarkson

(Get Free Report)

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.

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