Clarkson (LON:CKN) Shares Pass Above 200 Day Moving Average – What’s Next?

Clarkson PLC (LON:CKN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,899.96 and traded as high as GBX 4,700. Clarkson shares last traded at GBX 4,575, with a volume of 152,892 shares.

Analysts Set New Price Targets

CKN has been the topic of several analyst reports. Berenberg Bank lifted their price target on shares of Clarkson from GBX 4,750 to GBX 5,250 and gave the company a “buy” rating in a report on Tuesday, March 10th. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 4,400 price objective on shares of Clarkson in a research note on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Clarkson from GBX 4,850 to GBX 4,950 and gave the company a “buy” rating in a research note on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Clarkson currently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,712.50.

Clarkson Price Performance

The firm has a 50-day moving average of GBX 4,309.31 and a 200-day moving average of GBX 3,899.96. The stock has a market cap of £1.41 billion, a PE ratio of 18.77 and a beta of 0.89. The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69.

Clarkson (LON:CKN) last posted its quarterly earnings results on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. Research analysts predict that Clarkson PLC will post 283.011583 EPS for the current year.

Insider Activity at Clarkson

In related news, insider Constantin Cotzias bought 1,097 shares of the stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of GBX 4,624 per share, with a total value of £50,725.28. Company insiders own 5.57% of the company’s stock.

Clarkson Company Profile

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.