Clarkson (LON:CKN) Sets New 52-Week High at $4,535.00

Clarkson PLC (LON:CKN)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 4,535 ($58.65) and last traded at GBX 4,500 ($58.20), with a volume of 57964 shares trading hands. The stock had previously closed at GBX 4,390 ($56.78).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 4,950 ($64.02) target price on shares of Clarkson in a research report on Tuesday, May 7th.

Clarkson Stock Up 2.5 %

The company has a current ratio of 1.59, a quick ratio of 1.69 and a debt-to-equity ratio of 9.46. The stock’s 50-day moving average is GBX 4,202.97 and its 200-day moving average is GBX 3,925.89. The company has a market cap of £1.38 billion, a price-to-earnings ratio of 1,602.19 and a beta of 1.16.

Insiders Place Their Bets

In other Clarkson news, insider Andi Case sold 4,678 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of GBX 4,000 ($51.73), for a total transaction of £187,120 ($242,007.24). Corporate insiders own 11.18% of the company’s stock.

About Clarkson

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.