Clarkson (LON:CKN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Clarkson PLC (LON:CKN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,498.40 and traded as high as GBX 3,800. Clarkson shares last traded at GBX 3,760, with a volume of 32,332 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CKN shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,250 target price on shares of Clarkson in a report on Tuesday, September 2nd. Peel Hunt restated a “buy” rating and issued a GBX 4,250 price objective on shares of Clarkson in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 4,025.

Clarkson Stock Down 0.3%

The company has a market cap of £1.16 billion, a price-to-earnings ratio of 15.42 and a beta of 1.12. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. The firm has a 50-day moving average price of GBX 3,608.37 and a 200 day moving average price of GBX 3,498.40.

Insiders Place Their Bets

In other news, insider Constantin Cotzias acquired 742 shares of the stock in a transaction on Friday, October 17th. The shares were purchased at an average price of GBX 3,485 per share, for a total transaction of £25,858.70. 5.57% of the stock is owned by insiders.

About Clarkson

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.