Croda International (LON:CRDA) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Croda International Plc (LON:CRDA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,709.19 and traded as high as GBX 2,860. Croda International shares last traded at GBX 2,845, with a volume of 365,051 shares trading hands.

Wall Street Analyst Weigh In

CRDA has been the subject of several recent research reports. Berenberg Bank raised their target price on shares of Croda International from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a report on Thursday, October 16th. Jefferies Financial Group downgraded Croda International to a “hold” rating and lowered their target price for the stock from GBX 3,100 to GBX 3,000 in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Croda International from GBX 3,000 to GBX 3,100 and gave the stock a “hold” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 3,112.50.

Croda International Stock Performance

The firm’s 50 day moving average price is GBX 2,736.52 and its 200-day moving average price is GBX 2,709.19. The company has a debt-to-equity ratio of 30.90, a quick ratio of 2.25 and a current ratio of 2.72. The firm has a market capitalization of £4.06 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74.

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.