Clarkson (LON:CKN) Stock Price Crosses Above 200-Day Moving Average of $3,201.02

Shares of Clarkson PLC (LON:CKNGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,201.02 ($40.18) and traded as high as GBX 4,015 ($50.40). Clarkson shares last traded at GBX 4,010 ($50.34), with a volume of 20,752 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CKN shares. Canaccord Genuity Group boosted their target price on shares of Clarkson from GBX 4,325 ($54.29) to GBX 4,500 ($56.49) and gave the company a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of Clarkson from GBX 4,080 ($51.22) to GBX 4,320 ($54.23) and gave the company an “overweight” rating in a research note on Tuesday, March 5th.

Get Our Latest Report on CKN

Clarkson Stock Performance

The stock’s 50 day moving average price is GBX 3,689.99 and its 200 day moving average price is GBX 3,201.02. The company has a market cap of £1.23 billion, a price-to-earnings ratio of 1,468.86 and a beta of 1.16. The company has a current ratio of 1.59, a quick ratio of 1.69 and a debt-to-equity ratio of 9.46.

Clarkson Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, May 9th will be given a dividend of GBX 72 ($0.90) per share. This represents a yield of 1.96%. The ex-dividend date is Thursday, May 9th. This is an increase from Clarkson’s previous dividend of $30.00. Clarkson’s dividend payout ratio is 3,736.26%.

About Clarkson

(Get Free Report)

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

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