Croda International (LON:CRDA) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Croda International shares rose above their 200-day moving average, reaching GBX 3,296 and last trading at GBX 3,278, compared with a 200-day average of GBX 3,042.03.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of GBX 3,490; targets range from GBX 3,200 to GBX 4,000.
• The company reported quarterly EPS of GBX 72.20, while profitability remained modest with a 4.61% net margin and 3.65% return on equity. An insider also sold 1,339 shares worth approximately £43,035.

Croda International Plc (LON:CRDA - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 3,042.03 and traded as high as GBX 3,296. Croda International shares last traded at GBX 3,278, with a volume of 414,923 shares changing hands.

Analyst Ratings Changes

Several brokerages have weighed in on CRDA. Citigroup increased their price objective on Croda International from GBX 3,050 to GBX 3,200 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 3,300 target price on shares of Croda International in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 4,000 price target on shares of Croda International in a research report on Friday, September 25th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 3,600 price target on shares of Croda International in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 3,490.

Croda International Trading Up 0.1%

The company has a market cap of £4.57 billion, a P/E ratio of 57.61, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. The company has a quick ratio of 2.25, a current ratio of 2.57 and a debt-to-equity ratio of 36.06. The firm's 50-day moving average price is GBX 3,272.78 and its 200-day moving average price is GBX 3,042.03.

Croda International (LON:CRDA - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 72.20 EPS for the quarter. Croda International had a net margin of 4.61% and a return on equity of 3.65%. As a group, equities research analysts expect that Croda International Plc will post 181.8307268 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Stephen Oxley sold 1,339 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total value of £43,035.46. Insiders acquired a total of 29 shares of company stock worth $90,842 in the last quarter. Corporate insiders own 0.83% of the company's stock.

About Croda International

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.

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