Clarkson (LON:CKN) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Clarkson shares crossed above their 200-day moving average, reaching GBX 5,005 and last trading at GBX 4,979.48, compared with a 200-day average of GBX 4,714.01.
• Analyst sentiment is positive: Berenberg and Deutsche Bank raised their price targets to GBX 5,925 and GBX 5,300, respectively. The stock has an overall “Moderate Buy” rating and an average target of GBX 5,031.25.
• Clarkson reported quarterly EPS of GBX 147.60, with a 14.50% return on equity and a 10.40% net margin; an insider also purchased 1,127 shares worth approximately £49,723.

Clarkson PLC (LON:CKN - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,714.01 and traded as high as GBX 5,005. Clarkson shares last traded at GBX 4,979.48, with a volume of 66,939 shares changing hands.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Berenberg Bank raised their price objective on Clarkson from GBX 5,250 to GBX 5,925 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upped their target price on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Clarkson has an average rating of "Moderate Buy" and an average price target of GBX 5,031.25.

Clarkson Price Performance

The company has a market cap of £1.53 billion, a P/E ratio of 19.89 and a beta of 0.70. The business's fifty day moving average is GBX 4,871.57 and its 200 day moving average is GBX 4,714.01. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 10.87.

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

Insider Buying and Selling at Clarkson

In related news, insider Constantin Cotzias purchased 1,127 shares of Clarkson stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of GBX 4,412 per share, for a total transaction of £49,723.24. Company insiders own 5.37% of the company's stock.

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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