Clarkson (LON:CKN) Shares Pass Above 200 Day Moving Average of $3,715.39

Clarkson PLC (LON:CKN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,715.39 ($47.21) and traded as high as GBX 4,190 ($53.24). Clarkson shares last traded at GBX 4,155 ($52.80), with a volume of 68,636 shares traded.

Wall Street Analyst Weigh In

CKN has been the topic of a number of recent research reports. Canaccord Genuity Group boosted their price objective on Clarkson from GBX 4,325 ($54.96) to GBX 4,500 ($57.18) and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 4,950 ($62.90) price objective on shares of Clarkson in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Clarkson from GBX 4,080 ($51.84) to GBX 4,320 ($54.89) and gave the stock an “overweight” rating in a research note on Tuesday, March 5th.

Clarkson Stock Performance

The company has a quick ratio of 1.69, a current ratio of 1.59 and a debt-to-equity ratio of 9.46. The company has a 50 day moving average of GBX 4,051.10 and a 200 day moving average of GBX 3,722.01. The firm has a market cap of £1.28 billion, a price-to-earnings ratio of 1,529.20 and a beta of 1.16.

Insider Buying and Selling

In related news, insider Andi Case sold 4,678 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of GBX 4,000 ($50.83), for a total value of £187,120 ($237,763.66). In other Clarkson news, insider Andi Case sold 4,678 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of GBX 4,000 ($50.83), for a total transaction of £187,120 ($237,763.66). Also, insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of GBX 4,075 ($51.78), for a total value of £764,999.75 ($972,045.43). Insiders own 11.18% of the company’s stock.

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.