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

Clarkson PLC (LON:CKN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,479.52 and traded as high as GBX 4,770. Clarkson shares last traded at GBX 4,756, with a volume of 29,186 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and raised their price target for the stock from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 4,775.

Clarkson Stock Performance

The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. The stock has a market cap of £1.46 billion, a P/E ratio of 22.34 and a beta of 0.70. The company has a fifty day moving average of GBX 4,581.66 and a 200 day moving average of GBX 4,479.52.

Insider Buying and Selling

In other Clarkson news, insider Jeff Woyda sold 60,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Also, insider Constantin Cotzias purchased 1,127 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of GBX 4,412 per share, for a total transaction of £49,723.24. Company insiders own 5.37% 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.