Clarkson (LON:CKN) Shares Cross Above 200 Day Moving Average – What’s Next?

Clarkson PLC (LON:CKN) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 4,810.41 and traded as high as GBX 5,425. Clarkson shares last traded at GBX 5,205, with a volume of 34,116 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CKN shares. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 5,550 target price on shares of Clarkson in a report on Thursday. Finally, Berenberg Bank raised their target price on shares of Clarkson from GBX 5,925 to GBX 6,025 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 5,281.25.

Clarkson Price Performance

The company has a debt-to-equity ratio of 10.87, a current ratio of 1.69 and a quick ratio of 1.69. The company has a 50-day simple moving average of GBX 5,061.59 and a two-hundred day simple moving average of GBX 4,815.27. The stock has a market capitalization of £1.63 billion, a price-to-earnings ratio of 21.25 and a beta of 0.70.

Clarkson (LON:CKN) last announced its quarterly earnings results on Monday, August 3rd. The company reported GBX 147.60 earnings per share (EPS) for the quarter. Clarkson had a net margin of 10.40% and a return on equity of 14.50%. On average, equities research analysts predict that Clarkson PLC will post 283.01 earnings per share for the current year.

Clarkson Company Profile

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.