James Fisher and Sons (LON:FSJ) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• James Fisher and Sons plc's stock price recently crossed above its 200-day moving average of GBX 337.04, reaching as high as GBX 399 ($5.33) during trading.
• Canaccord Genuity raised their price target for the stock from GBX 400 to GBX 530 and maintained a "buy" rating.
• The company has reported a negative return on equity of 33.24% alongside a negative net margin of 10.44% in their latest earnings report.

James Fisher and Sons plc (LON:FSJ - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 337.04 ($4.50) and traded as high as GBX 399 ($5.33). James Fisher and Sons shares last traded at GBX 390 ($5.21), with a volume of 66,129 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price objective on James Fisher and Sons from GBX 400 to GBX 530 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, James Fisher and Sons presently has an average rating of "Buy" and an average price target of GBX 452.50.

James Fisher and Sons Trading Down 0.3%

The business's 50-day simple moving average is GBX 354.98 and its two-hundred day simple moving average is GBX 337.04. The firm has a market capitalization of £196.31 million, a price-to-earnings ratio of 4.49 and a beta of 0.64. The company has a quick ratio of 1.12, a current ratio of 0.77 and a debt-to-equity ratio of 185.53.

James Fisher and Sons (LON:FSJ - Get Free Report) last posted its earnings results on Tuesday, September 9th. The company reported GBX 0.80 earnings per share (EPS) for the quarter. James Fisher and Sons had a negative return on equity of 33.24% and a negative net margin of 10.44%. Equities analysts forecast that James Fisher and Sons plc will post 20 earnings per share for the current year.

About James Fisher and Sons

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