Clarkson (LON:CKN) Stock Passes Above Two Hundred Day Moving Average of $3,758.17

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 3,758.17 ($47.67) and traded as high as GBX 4,240 ($53.79). Clarkson shares last traded at GBX 4,240 ($53.79), with a volume of 46,543 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CKN. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 4,950 ($62.79) target price on shares of Clarkson in a research note on Tuesday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Clarkson from GBX 4,080 ($51.76) to GBX 4,320 ($54.80) and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Finally, Canaccord Genuity Group lifted their price objective on shares of Clarkson from GBX 4,325 ($54.86) to GBX 4,500 ($57.08) and gave the stock a “buy” rating in a research report on Tuesday, March 5th.

Clarkson Stock Performance

The business has a 50 day moving average of GBX 4,055.60 and a 200-day moving average of GBX 3,758.17. The company has a market capitalization of £1.30 billion, a P/E ratio of 1,547.45 and a beta of 1.16. The company has a debt-to-equity ratio of 9.46, a quick ratio of 1.69 and a current ratio of 1.59.

Insider Activity

In related news, insider Andi Case sold 4,678 shares of Clarkson stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of GBX 4,000 ($50.74), for a total transaction of £187,120 ($237,371.56). In related news, insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 4,075 ($51.69), for a total value of £764,999.75 ($970,442.41). Also, insider Andi Case sold 4,678 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of GBX 4,000 ($50.74), for a total value of £187,120 ($237,371.56). Company 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.