Clarkson (LON:CKN) Stock Price Crosses Above 200-Day Moving Average of $2,450.55

Clarkson PLC (LON:CKN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2,450.55 and traded as high as $2,315.00. Clarkson shares last traded at $2,290.00, with a volume of 24,218 shares trading hands.

Several brokerages have recently commented on CKN. JPMorgan Chase & Co. raised their price target on Clarkson from GBX 2,787 ($36.42) to GBX 2,963 ($38.72) and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Liberum Capital reiterated a “buy” rating and issued a GBX 3,200 ($41.81) target price on shares of Clarkson in a research note on Tuesday, August 20th.

The firm has a 50 day simple moving average of GBX 2,463.70 and a 200-day simple moving average of GBX 2,450.55. The company has a quick ratio of 1.62, a current ratio of 1.63 and a debt-to-equity ratio of 15.26. The company has a market cap of $693.87 million and a PE ratio of 22.36.

The business also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, September 5th will be paid a GBX 25 ($0.33) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 1.08%. Clarkson’s dividend payout ratio (DPR) is presently 0.49%.

About Clarkson (LON:CKN)

Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners 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 arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts.

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