Clarkson (LON:CKN) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Clarkson PLC (LON:CKN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,710 and traded as high as GBX 4,230. Clarkson shares last traded at GBX 3,997.50, with a volume of 3,400,107 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Canaccord Genuity Group upped their target price on Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a research report on Monday, January 12th. Peel Hunt restated a “buy” rating and issued a GBX 4,250 price target on shares of Clarkson in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Clarkson presently has a consensus rating of “Buy” and an average price target of GBX 4,262.50.

Clarkson Stock Up 0.2%

The firm’s 50-day moving average price is GBX 3,972.38 and its 200 day moving average price is GBX 3,710. The firm has a market cap of £1.24 billion, a P/E ratio of 16.47 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45.

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.