Cranswick (LON:CWK) Sets New 12-Month High – What’s Next?

Cranswick plc (LON:CWK) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 5,810 and last traded at GBX 5,671.99, with a volume of 3494 shares. The stock had previously closed at GBX 5,690.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and upped their price objective for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,100 price objective on shares of Cranswick in a report on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 62 target price on shares of Cranswick in a research note on Wednesday, May 20th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 5,770 target price on shares of Cranswick in a report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Cranswick has an average rating of “Moderate Buy” and a consensus target price of GBX 4,706.40.

Cranswick Trading Down 0.5%

The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 23.60. The company’s 50-day moving average is GBX 5,423.14 and its 200-day moving average is GBX 5,263.98. The stock has a market capitalization of £3.03 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.62 and a beta of 0.55.

Cranswick (LON:CWK) last posted its earnings results on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. The company had revenue of GBX 298.25 billion for the quarter. Research analysts anticipate that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

Insider Activity at Cranswick

In related news, insider Jim Brisby sold 16,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 5,533, for a total value of £912,945. Also, insider Christopher Aldersley sold 9,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 5,470, for a total value of £492,300. In the last ninety days, insiders have bought 9 shares of company stock worth $49,059. Corporate insiders own 2.49% 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.