Key Points
- Clarkson insider Jeff Woyda sold shares twice, including 21,813 shares on May 13 and 60,000 shares on May 14, for a combined value of about £3.9 million.
- Following the insider sales, Clarkson shares fell 1.6% and opened at GBX 4,730, near their recent trading range and below the 52-week high of GBX 4,992.
- Despite the selling, analysts remain generally positive on the stock with a Moderate Buy consensus and an average price target of GBX 4,775.
Clarkson PLC (LON:CKN - Get Free Report) insider Jeff Woyda sold 21,813 shares of the business's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of GBX 4,780, for a total value of £1,042,661.40.
Jeff Woyda also recently made the following trade(s):
- On Thursday, May 14th, Jeff Woyda sold 60,000 shares of Clarkson stock. The stock was sold at an average price of GBX 4,778, for a total value of £2,866,800.
Clarkson Stock Down 1.6%
Shares of CKN opened at GBX 4,730 on Friday. The company has a debt-to-equity ratio of 10.66, a quick ratio of 1.69 and a current ratio of 1.78. Clarkson PLC has a one year low of GBX 3,170 and a one year high of GBX 4,992. The stock has a market capitalization of £1.45 billion, a price-to-earnings ratio of 22.22 and a beta of 0.70. The stock has a 50 day moving average price of GBX 4,706.40 and a 200 day moving average price of GBX 4,184.26.
Clarkson (LON:CKN - Get Free Report) last issued its quarterly earnings results on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a return on equity of 12.93% and a net margin of 10.41%. Equities research analysts forecast that Clarkson PLC will post 283.011583 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on CKN shares. Canaccord Genuity Group upgraded Clarkson to a "hold" rating and upped their target price for the company from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft upped their target price on Clarkson from GBX 4,850 to GBX 4,950 and gave the company a "buy" rating in a report on Thursday, March 19th. Finally, Berenberg Bank upped their target price on Clarkson from GBX 4,750 to GBX 5,250 and gave the company a "buy" rating in a report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Clarkson currently has a consensus rating of "Moderate Buy" and an average price target of GBX 4,775.
Read Our Latest Analysis on Clarkson
About Clarkson
(
Get Free Report)
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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