Clarkson (LON:CKN) Stock Crosses Above 200 Day Moving Average of $2,969.93

Clarkson PLC (LON:CKN – Get Rating)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,969.93 ($36.20) and traded as high as GBX 3,330 ($40.59). Clarkson shares last traded at GBX 3,250 ($39.61), with a volume of 130,158 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered shares of Clarkson to a “neutral” rating and lowered their target price for the stock from GBX 4,050 ($49.36) to GBX 3,740 ($45.58) in a research report on Tuesday, March 7th.

Clarkson Trading Up 1.6 %

The business’s 50-day moving average is GBX 3,155.46 and its two-hundred day moving average is GBX 2,969.93. The company has a debt-to-equity ratio of 11.52, a quick ratio of 1.69 and a current ratio of 1.70. The stock has a market capitalization of £995.48 million, a PE ratio of 1,641.41 and a beta of 1.31.

Clarkson Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, May 11th will be issued a GBX 64 ($0.78) dividend. The ex-dividend date is Thursday, May 11th. This represents a yield of 1.94%. This is an increase from Clarkson’s previous dividend of $29.00. Clarkson’s dividend payout ratio (DPR) is 4,696.97%.

Clarkson Company Profile

(Get Rating)

Clarkson PLC provides integrated shipping services worldwide. The company operates through four segments: Broking, Financial, Support, and Research. The Broking segment offers services to ship owners 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.