Croda International (LON:CRDA) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Croda International Plc (LON:CRDA)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,883.42 and traded as high as GBX 2,901. Croda International shares last traded at GBX 2,897, with a volume of 327,205 shares trading hands.

Analysts Set New Price Targets

CRDA has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,000 target price on shares of Croda International in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. Finally, Morgan Stanley upgraded shares of Croda International to an “overweight” rating and boosted their price objective for the stock from GBX 3,280 to GBX 3,350 in a report on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,140.

Croda International Stock Performance

The company has a quick ratio of 2.25, a current ratio of 1.99 and a debt-to-equity ratio of 31.85. The stock has a market capitalization of £4.04 billion, a P/E ratio of 65.25, a P/E/G ratio of 1.40 and a beta of 0.92. The business has a fifty day moving average price of GBX 2,958.08 and a 200-day moving average price of GBX 2,883.42.

Insiders Place Their Bets

In other Croda International news, insider Steve Foots sold 73 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 2,840, for a total value of £2,073.20. Over the last ninety days, insiders bought 15 shares of company stock valued at $43,900. 0.83% of the stock is currently owned by insiders.

About Croda International

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.