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

Cranswick plc (LON:CWK)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,154.97 and traded as high as GBX 5,270. Cranswick shares last traded at GBX 5,210, with a volume of 283,530 shares changing hands.

Analyst Upgrades and Downgrades

CWK has been the topic of several recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 5,770 price target on shares of Cranswick in a research report on Tuesday, January 27th. Jefferies Financial Group reissued a “buy” rating on shares of Cranswick in a research report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Cranswick presently has an average rating of “Moderate Buy” and an average price target of GBX 5,790.

Cranswick Stock Down 0.4%

The firm has a market capitalization of £2.79 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. The business has a 50 day moving average of GBX 5,264.78 and a 200 day moving average of GBX 5,154.97. The company has a debt-to-equity ratio of 40.43, a current ratio of 1.78 and a quick ratio of 1.02.

Insiders Place Their Bets

In other news, insider Mark Bottomley sold 250 shares of Cranswick stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of GBX 5,097, for a total transaction of £12,742.50. Also, insider Adam Couch sold 347 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 507, for a total transaction of £1,759.29. In the last 90 days, insiders bought 8 shares of company stock valued at $42,490 and sold 707 shares valued at $2,010,739. Corporate insiders own 2.54% of the company’s stock.

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.