Croda International (LON:CRDA) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Croda International Plc (LON:CRDA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,713.47 and traded as high as GBX 2,778. Croda International shares last traded at GBX 2,756, with a volume of 76,859,617 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CRDA shares. Citigroup dropped their price target on Croda International from GBX 3,300 to GBX 3,050 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Jefferies Financial Group lowered Croda International to a “hold” rating and dropped their target price for the stock from GBX 3,100 to GBX 3,000 in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Croda International from GBX 3,000 to GBX 3,100 and gave the company a “hold” rating in a report on Thursday, October 16th. Finally, Berenberg Bank increased their price objective on shares of Croda International from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 3,112.50.

Croda International Price Performance

The company has a debt-to-equity ratio of 30.90, a quick ratio of 2.25 and a current ratio of 2.72. The company’s 50 day moving average price is GBX 2,733.98 and its 200-day moving average price is GBX 2,713.47. The company has a market cap of £3.85 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.40 and a beta of 0.74.

Croda International Company Profile

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.