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

Key Points

• Clarkson shares crossed above their 200-day moving average, reaching GBX 5,050 before closing at GBX 5,005, up 0.3%. The stock’s market capitalization is approximately £1.54 billion.
• Analyst sentiment is favorable, with three Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of GBX 5,031.25.
• Clarkson reported quarterly EPS of GBX 147.60, with a 10.40% net margin and 14.50% return on equity. An insider also purchased 1,127 shares worth approximately £49,723 in June.

Clarkson PLC (LON:CKN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,636.99 and traded as high as GBX 5,050. Clarkson shares last traded at GBX 5,005, with a volume of 49,448 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on CKN. Canaccord Genuity Group upgraded Clarkson to a "hold" rating and raised their price target for the company from GBX 4,400 to GBX 4,650 in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Berenberg Bank increased their price objective on Clarkson from GBX 5,250 to GBX 5,925 and gave the company a "buy" rating in a report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 5,031.25.

Clarkson Stock Up 0.3%

The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 10.87. The firm's 50 day moving average price is GBX 4,703.88 and its two-hundred day moving average price is GBX 4,636.99. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 19.99 and a beta of 0.70.

Clarkson (LON:CKN - Get Free Report) last issued its 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%. Sell-side analysts anticipate that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.

Insider Transactions at Clarkson

In other Clarkson news, insider Constantin Cotzias acquired 1,127 shares of the company's stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of GBX 4,412 per share, for a total transaction of £49,723.24. 5.37% of the stock is owned by corporate insiders.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source