Croda International (LON:CRDA) Stock Passes Above 200 Day Moving Average – Here’s Why

Croda International Plc (LON:CRDA)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,709.19 and traded as high as GBX 2,860. Croda International shares last traded at GBX 2,845, with a volume of 365,051 shares.

Analysts Set New Price Targets

CRDA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Croda International from GBX 3,000 to GBX 3,100 and gave the company a “hold” rating in a research note on Thursday, October 16th. Berenberg Bank upped their price target on Croda International from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group downgraded Croda International to a “hold” rating and reduced their price objective for the stock from GBX 3,100 to GBX 3,000 in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Croda International has an average rating of “Hold” and a consensus target price of GBX 3,112.50.

Croda International Stock Up 1.5%

The business’s 50 day simple moving average is GBX 2,736.52 and its 200-day simple moving average is GBX 2,709.19. The company has a debt-to-equity ratio of 30.90, a quick ratio of 2.25 and a current ratio of 2.72. The company has a market cap of £4.06 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74.

About Croda International

Founded in 1925 with the aim of turning bio-based raw materials into innovative ingredients, Croda International is a speciality chemicals company focused on consumer care and life sciences markets. The company is focused on creating, making and selling innovative ingredients that deliver real benefits to a diverse range of customers and employs more than 6,000 people around the world. Sustainability is a core part of the Groups strategy with a commitment to be Climate, Land and People positive by 2030.