Clarkson (LON:CKN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Clarkson PLC (LON:CKN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,682.96 and traded as high as GBX 4,210. Clarkson shares last traded at GBX 4,170, with a volume of 18,750 shares.

Analysts Set New Price Targets

Several research firms have recently commented on CKN. Canaccord Genuity Group boosted their price objective on Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a report on Monday, January 12th. Peel Hunt restated a “buy” rating and set a GBX 4,250 price target on shares of Clarkson in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Clarkson currently has an average rating of “Buy” and a consensus price target of GBX 4,262.50.

Clarkson Stock Down 0.2%

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’s 50-day simple moving average is GBX 3,923.15 and its 200-day simple moving average is GBX 3,682.96. The firm has a market capitalization of £1.29 billion, a P/E ratio of 17.10 and a beta of 1.12.

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.