Clarkson (LON:CKN) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Clarkson PLC (LON:CKN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,578.48 and traded as high as GBX 4,230. Clarkson shares last traded at GBX 4,165, with a volume of 191,968 shares traded.

Analysts Set New Price Targets

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 4,250 target price on shares of Clarkson in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Clarkson has a consensus rating of “Buy” and a consensus target price of GBX 4,025.

Clarkson Trading Up 4.5%

The firm has a fifty day simple moving average of GBX 3,726.52 and a two-hundred day simple moving average of GBX 3,578.48. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45. The stock has a market cap of £1.28 billion, a PE ratio of 17.08 and a beta of 1.12.

Insider Buying and Selling at Clarkson

In other Clarkson news, insider Constantin Cotzias acquired 742 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was purchased at an average price of GBX 3,485 per share, with a total value of £25,858.70. Company insiders own 5.59% of the company’s stock.

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. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.