Clarkson (LON:CKN) Stock Price Breaks Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Clarkson shares rose above their 200-day moving average, reaching GBX 5,215 before last trading at GBX 4,966, compared with the average of GBX 4,834.71.
• Analysts remain bullish: all four covering analysts rate the stock a Buy, with price targets ranging from GBX 5,300 to GBX 6,025 and a consensus target of GBX 5,281.25.
• Clarkson reported quarterly EPS of GBX 147.60, while its financial profile included a £1.53 billion market capitalization, 10.40% net margin, and 14.50% return on equity.

Shares of Clarkson PLC (LON:CKN - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 4,834.71 and traded as high as GBX 5,215. Clarkson shares last traded at GBX 4,966, with a volume of 39,471 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 5,550 target price on shares of Clarkson in a research report on Thursday, October 15th. Finally, Berenberg Bank boosted their target price on shares of Clarkson from GBX 5,925 to GBX 6,025 and gave the stock a "buy" rating in a research report on Wednesday, October 7th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Clarkson presently has a consensus rating of "Buy" and an average price target of GBX 5,281.25.

Clarkson Stock Performance

The company's fifty day moving average is GBX 5,090.87 and its two-hundred day moving average is GBX 4,834.71. The company has a debt-to-equity ratio of 10.87, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of £1.53 billion, a price-to-earnings ratio of 19.83 and a beta of 0.70.

Clarkson (LON:CKN - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a net margin of 10.40% and a return on equity of 14.50%. On average, research analysts anticipate that Clarkson PLC will post 283.01 EPS for the current year.

About Clarkson

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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