Cranswick (LON:CWK) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Cranswick plc (LON:CWK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,083.35 and traded as high as GBX 5,140. Cranswick shares last traded at GBX 5,110, with a volume of 124,311 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Cranswick from GBX 6,000 to GBX 6,100 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Berenberg Bank increased their price target on shares of Cranswick from GBX 5,540 to GBX 5,770 and gave the company a “hold” rating in a research report on Tuesday, November 25th. Peel Hunt restated a “buy” rating and issued a GBX 5,500 price target on shares of Cranswick in a report on Tuesday, November 25th. Finally, Shore Capital reiterated a “house stock” rating on shares of Cranswick in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,790.

Cranswick Stock Performance

The company has a market cap of £2.74 billion, a PE ratio of 18.92, a P/E/G ratio of 2.62 and a beta of 0.44. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. The firm’s 50-day simple moving average is GBX 4,992.52 and its two-hundred day simple moving average is GBX 5,079.95.

Cranswick (LON:CWK) last posted its quarterly earnings results on Tuesday, November 25th. The company reported GBX 144.40 earnings per share (EPS) for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. As a group, research analysts anticipate that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

About Cranswick

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of more than £2.7 billion. The business employs over 15,400 people and operates from 23 well-invested, highly efficient facilities in the UK. Cranswick was formed in the early 1970s by farmers in East Yorkshire to produce animal feed and has since evolved into a business which produces a range of high-quality, predominantly fresh food, including fresh pork, poultry, convenience, gourmet products and pet food.