Croda International (LON:CRDA) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Croda International shares crossed above their 200-day moving average, reaching GBX 3,339 before closing at GBX 3,327 on heavy trading volume.
• Analysts maintain a generally positive outlook, 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 its shares carry a £4.64 billion market capitalization and a relatively high P/E ratio of 58.47.

Croda International Plc (LON:CRDA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,003.35 and traded as high as GBX 3,339. Croda International shares last traded at GBX 3,327, with a volume of 22,335,871 shares trading hands.

Analysts Set New Price Targets

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

Croda International Price Performance

The stock's 50-day moving average price is GBX 3,167.18 and its two-hundred day moving average price is GBX 3,003.35. The stock has a market capitalization of £4.64 billion, a PE ratio of 58.47, a P/E/G ratio of 1.40 and a beta of 0.92. The company has a debt-to-equity ratio of 36.06, a quick ratio of 2.25 and a current ratio of 2.57.

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

Insider Buying and Selling at Croda International

In related news, insider Stephen Oxley sold 1,339 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of GBX 3,214, for a total transaction of £43,035.46. In the last quarter, insiders purchased 25 shares of company stock valued at $77,970. Corporate insiders own 0.83% of the company's stock.

Croda International Company Profile

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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