Clarkson PLC (LON:CKN – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,636.99 and traded as high as GBX 5,050. Clarkson shares last traded at GBX 5,005, with a volume of 49,448 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised shares of Clarkson to a “hold” rating and boosted their price target for the company from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Berenberg Bank lifted their target price on Clarkson from GBX 5,250 to GBX 5,925 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 5,031.25.
Check Out Our Latest Research Report on CKN
Clarkson Stock Performance
Clarkson (LON:CKN – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported GBX 147.60 EPS for the quarter. Clarkson had a return on equity of 14.50% and a net margin of 10.40%. On average, equities analysts forecast that Clarkson PLC will post 283.011583 EPS for the current year.
Insider Activity at Clarkson
In related news, insider Constantin Cotzias purchased 1,127 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of GBX 4,412 per share, with a total value of £49,723.24. 5.37% of the stock is owned by company insiders.
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.
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