Clarkson (LON:CKN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Clarkson PLC (LON:CKN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,552.08 and traded as high as GBX 3,835. Clarkson shares last traded at GBX 3,815, with a volume of 7,465 shares trading hands.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 4,250 target price on shares of Clarkson in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Clarkson presently has a consensus rating of “Buy” and an average target price of GBX 4,025.

Clarkson Stock Performance

The company’s 50-day moving average price is GBX 3,690.12 and its 200 day moving average price is GBX 3,552.08. The stock has a market capitalization of £1.18 billion, a PE ratio of 15.65 and a beta of 1.12. The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79.

Insider Activity

In other news, insider Constantin Cotzias bought 742 shares of the stock in a transaction dated Friday, October 17th. The stock was bought at an average price of GBX 3,485 per share, for a total transaction of £25,858.70. Corporate insiders own 5.57% of the company’s stock.

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.