Clarkson (LON:CKN) Stock Price Crosses Above 200 Day Moving Average of $3,353.14

Posted by Defense World Staff on Apr 25th, 2024

Shares of Clarkson PLC (LON:CKN – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,353.14 ($41.42) and traded as high as GBX 4,123.40 ($50.93). Clarkson shares last traded at GBX 4,065 ($50.21), with a volume of 151,410 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Clarkson from GBX 4,080 ($50.40) to GBX 4,320 ($53.36) and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Canaccord Genuity Group increased their price target on Clarkson from GBX 4,325 ($53.42) to GBX 4,500 ($55.58) and gave the company a “buy” rating in a research report on Tuesday, March 5th.

View Our Latest Research Report on CKN

Clarkson Stock Up 0.6 %

The company has a debt-to-equity ratio of 9.46, a quick ratio of 1.69 and a current ratio of 1.59. The firm has a market cap of £1.25 billion, a price-to-earnings ratio of 1,483.58 and a beta of 1.16. The firm has a 50-day moving average price of GBX 3,874.09 and a two-hundred day moving average price of GBX 3,353.14.

Clarkson Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 72 ($0.89) per share. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from Clarkson’s previous dividend of $30.00. Clarkson’s dividend payout ratio (DPR) is 3,722.63%.

Insider Transactions at Clarkson

In other news, insider Jeff Woyda sold 18,773 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($50.33), for a total transaction of £764,999.75 ($944,910.76). Corporate insiders own 11.01% of the company’s stock.

About Clarkson

(Get Free Report)

Clarkson PLC provides integrated shipping services worldwide. The company's 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.