Clarkson (LON:CKN) Stock Price Passes Above 200 Day Moving Average of $3,715.39

Clarkson PLC (LON:CKN) passed 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 trading hands.

Analysts Set New Price Targets

Several research firms recently issued reports on CKN. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 4,950 ($62.90) price target on shares of Clarkson in a research report on Tuesday, May 7th. Canaccord Genuity Group lifted their price target on shares of Clarkson from GBX 4,325 ($54.96) to GBX 4,500 ($57.18) and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Clarkson from GBX 4,080 ($51.84) to GBX 4,320 ($54.89) and gave the company an “overweight” rating in a research report on Tuesday, March 5th.

Clarkson Trading Up 0.7 %

The company has a debt-to-equity ratio of 9.46, a quick ratio of 1.69 and a current ratio of 1.59. The firm has a 50 day simple moving average of GBX 4,043.60 and a two-hundred day simple moving average of GBX 3,715.39. The firm has a market capitalization of £1.27 billion, a P/E ratio of 1,516.42 and a beta of 1.16.

Insider Buying and Selling at Clarkson

In other Clarkson news, insider Andi Case sold 4,678 shares of the firm’s stock in a transaction 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). In other Clarkson news, insider Andi Case sold 4,678 shares of the firm’s stock in a transaction 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 firm’s stock in a transaction 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). Company insiders own 11.18% 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.