Cranswick (LON:CWK) Stock Passes Above 200 Day Moving Average – What’s Next?

Cranswick plc (LON:CWK) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,088.96 and traded as high as GBX 5,270. Cranswick shares last traded at GBX 5,170, with a volume of 3,362,710 shares trading hands.

Wall Street Analysts Forecast Growth

CWK has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Cranswick in a research note on Monday, February 2nd. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research report on Tuesday, November 25th. Berenberg Bank reiterated a “hold” rating and set a GBX 5,770 target price on shares of Cranswick in a report on Tuesday, January 27th. Peel Hunt reiterated a “buy” rating and issued a GBX 5,500 price objective on shares of Cranswick in a report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cranswick from GBX 6,000 to GBX 6,100 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 5,790.

Cranswick Stock Performance

The company has a debt-to-equity ratio of 40.43, a quick ratio of 1.02 and a current ratio of 1.78. The stock has a market capitalization of £2.76 billion, a P/E ratio of 19.03, a PEG ratio of 2.62 and a beta of 0.59. The business has a 50-day moving average price of GBX 5,251.18 and a 200 day moving average price of GBX 5,089.16.

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.