Croda International (LON:CRDA) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Croda International shares crossed above their 200-day moving average, reaching GBX 3,194 before closing at GBX 3,163 on volume of 971,335 shares.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of GBX 3,490; Jefferies raised its target to GBX 4,000.
• The company reported quarterly EPS of GBX 72.20, while insider Stephen Oxley sold 1,339 shares for approximately £43,035; insiders own 0.83% of the stock.

Shares of Croda International Plc (LON:CRDA - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,010.28 and traded as high as GBX 3,194. Croda International shares last traded at GBX 3,163, with a volume of 971,335 shares trading hands.

Wall Street Analysts Forecast Growth

CRDA has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Croda International from GBX 3,500 to GBX 4,000 and gave the company a "buy" rating in a research note on Tuesday, September 1st. Citigroup upped their target price on shares of Croda International from GBX 3,050 to GBX 3,200 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Berenberg Bank reiterated a "buy" rating and set a GBX 3,600 price target on shares of Croda International in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 3,300 price target on shares of Croda International in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Croda International has a consensus rating of "Moderate Buy" and an average price target of GBX 3,490.

Croda International Stock Down 1.4%

The stock has a market cap of £4.41 billion, a PE ratio of 55.59, a PEG ratio of 1.40 and a beta of 0.92. The company has a debt-to-equity ratio of 36.06, a current ratio of 2.57 and a quick ratio of 2.25. The company has a 50 day moving average price of GBX 3,203.24 and a two-hundred day moving average price of GBX 3,010.28.

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 return on equity of 3.65% and a net margin of 4.61%. Analysts expect that Croda International Plc will post 181.8307268 EPS for the current year.

Insider Transactions at Croda International

In other Croda International news, insider Stephen Oxley sold 1,339 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of GBX 3,214, for a total transaction of £43,035.46. In the last quarter, insiders have bought 29 shares of company stock worth $90,842. 0.83% of the stock is currently owned by corporate insiders.

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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