Clarkson (LON:CKN) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Clarkson PLC (LON:CKN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,736.40 and traded as high as GBX 4,255. Clarkson shares last traded at GBX 4,195, with a volume of 20,227 shares.

Analyst Ratings Changes

CKN has been the topic of several recent analyst reports. Peel Hunt reiterated a “buy” rating and set a GBX 4,250 price objective on shares of Clarkson in a research report on Wednesday, November 5th. Canaccord Genuity Group lifted their price target on shares of Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Clarkson has an average rating of “Buy” and an average price target of GBX 4,262.50.

Clarkson Trading Up 1.1%

The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. The stock’s 50 day moving average is GBX 4,014.35 and its 200-day moving average is GBX 3,736.40. The company has a market cap of £1.29 billion, a PE ratio of 17.21 and a beta of 1.12.

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.