Clarkson (LON:CKN) Shares Pass Above 200 Day Moving Average – Should You Sell?

Clarkson PLC (LON:CKN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,620.32 and traded as high as GBX 4,150. Clarkson shares last traded at GBX 4,150, with a volume of 35,389 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on CKN. Peel Hunt reiterated a “buy” rating and issued a GBX 4,250 price target on shares of Clarkson in a research note on Wednesday, November 5th. Canaccord Genuity Group upped their price objective on shares of Clarkson from GBX 4,000 to GBX 4,400 and gave the stock a “buy” rating in a report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 4,262.50.

Clarkson Price Performance

The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. The firm has a market capitalization of £1.28 billion, a PE ratio of 17.02 and a beta of 1.12. The firm has a 50-day simple moving average of GBX 3,798.35 and a 200-day simple moving average of GBX 3,620.32.

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.