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

Clarkson PLC (LON:CKNGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,714.01 and traded as high as GBX 5,005. Clarkson shares last traded at GBX 4,979.48, with a volume of 66,939 shares.

Analyst Upgrades and Downgrades

CKN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Clarkson from GBX 4,950 to GBX 5,300 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Berenberg Bank upped their target price on Clarkson from GBX 5,250 to GBX 5,925 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Clarkson currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,031.25.

View Our Latest Stock Analysis on CKN

Clarkson Stock Performance

The company has a debt-to-equity ratio of 10.87, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of £1.51 billion, a price-to-earnings ratio of 19.66 and a beta of 0.70. The company has a fifty day moving average of GBX 4,881.21 and a two-hundred day moving average of GBX 4,719.11.

Clarkson (LON:CKNGet Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 earnings per share for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. Equities research analysts anticipate that Clarkson PLC will post 283.011583 EPS for the current year.

Clarkson Company Profile

(Get Free Report)

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.

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