Croda International (LON:CRDA) Shares Cross Above 200 Day Moving Average – What’s Next?

Croda International Plc (LON:CRDA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,791.67 and traded as high as GBX 2,889. Croda International shares last traded at GBX 2,889, with a volume of 671,774 shares trading hands.

Wall Street Analyst Weigh In

CRDA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Croda International from GBX 3,100 to GBX 3,000 and set a “hold” rating for the company in a research report on Tuesday, March 24th. Morgan Stanley raised Croda International to an “overweight” rating and raised their target price for the company from GBX 3,280 to GBX 3,350 in a report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,140.

Croda International Trading Up 2.6%

The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.25 and a current ratio of 1.99. The company’s 50 day moving average is GBX 2,856.41 and its 200 day moving average is GBX 2,791.67. The stock has a market capitalization of £4.03 billion, a price-to-earnings ratio of 65.07, a PEG ratio of 1.40 and a beta of 0.96.

Croda International (LON:CRDA) last posted its quarterly earnings results on Tuesday, February 24th. The company reported GBX 146.20 earnings per share (EPS) for the quarter. Croda International had a net margin of 3.65% and a return on equity of 2.82%. On average, research analysts forecast that Croda International Plc will post 181.8307268 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Tom Brophy sold 1,020 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of GBX 2,652, for a total transaction of £27,050.40. Also, insider Danuta Gray purchased 750 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of GBX 2,788 per share, for a total transaction of £20,910. Insiders have bought a total of 766 shares of company stock valued at $2,136,858 over the last three months. 0.83% of the stock is owned by corporate insiders.

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.