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

Key Points

• Clarkson shares rose above their 200-day moving average, reaching GBX 4,968 and last trading at GBX 4,950, compared with a 200-day average of GBX 4,566.26.
• Analysts remain broadly positive: three rate the stock a Buy and one a Hold, giving Clarkson a consensus “Moderate Buy” rating and an average price target of GBX 5,031.25.
• The company reported quarterly EPS of GBX 147.60, a 10.40% net margin and 14.50% return on equity. Insider activity was mixed, with one executive selling 60,000 shares and another buying 1,127 shares.

Clarkson PLC (LON:CKN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,566.26 and traded as high as GBX 4,968. Clarkson shares last traded at GBX 4,950, with a volume of 72,142 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CKN shares. Berenberg Bank increased their target price on shares of Clarkson from GBX 5,250 to GBX 5,925 and gave the company a "buy" rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Clarkson from GBX 4,950 to GBX 5,300 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Finally, Canaccord Genuity Group upgraded Clarkson to a "hold" rating and lifted their price objective for the stock from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,031.25.

Clarkson Stock Performance

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 cap of £1.52 billion, a P/E ratio of 19.77 and a beta of 0.70. The business has a fifty day simple moving average of GBX 4,620.24 and a 200-day simple moving average of GBX 4,566.26.

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

Insider Buying and Selling

In related news, insider Jeff Woyda sold 60,000 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total value of £2,866,800. Also, insider Constantin Cotzias acquired 1,127 shares of Clarkson stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of GBX 4,412 per share, with a total value of £49,723.24. Insiders own 5.37% 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. 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.

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