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

Key Points

• Clarkson shares crossed above their 200-day moving average, reaching GBX 5,150 before closing at GBX 5,130, compared with a 200-day average of GBX 4,674.30.
• Analyst sentiment is favorable, with three Buy ratings and one Hold rating producing a consensus of “Moderate Buy” and an average price target of GBX 5,031.25. Berenberg raised its target to GBX 5,925, while Deutsche Bank lifted its target to GBX 5,300.
• Clarkson reported quarterly earnings per share of GBX 147.60, a 10.40% net margin and 14.50% return on equity; insider Constantin Cotzias also bought 1,127 shares worth approximately £49,723.

Shares of Clarkson PLC (LON:CKN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,674.30 and traded as high as GBX 5,150. Clarkson shares last traded at GBX 5,130, with a volume of 27,140 shares changing hands.

Wall Street Analysts Forecast Growth

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

Clarkson Price Performance

The business's 50 day moving average price is GBX 4,794.62 and its 200-day moving average price is GBX 4,674.30. 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 company has a market cap of £1.58 billion, a PE ratio of 20.49 and a beta of 0.70.

Clarkson (LON:CKN - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported GBX 147.60 earnings per share for the quarter. Clarkson had a net margin of 10.40% and a return on equity of 14.50%. As a group, analysts forecast that Clarkson PLC will post 283.011583 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Constantin Cotzias acquired 1,127 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of GBX 4,412 per share, with a total value of £49,723.24. 5.37% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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