Cranswick plc (LON:CWK) Receives Average Rating of “Moderate Buy” from Analysts

Cranswick plc (LON:CWK) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 5,974.

A number of research firms have commented on CWK. Berenberg Bank restated a “hold” rating and set a GBX 5,770 price target on shares of Cranswick in a research note on Tuesday, July 28th. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,300 price objective on shares of Cranswick in a report on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,200 target price on shares of Cranswick in a research note on Monday, July 27th. Finally, Royal Bank Of Canada upgraded Cranswick to an “outperform” rating and raised their target price for the company from GBX 5,500 to GBX 6,100 in a report on Wednesday, May 27th.

Cranswick Stock Up 0.3%

Shares of LON CWK opened at GBX 5,237 on Friday. The company has a market capitalization of £2.80 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.62 and a beta of 0.55. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.76 and a quick ratio of 1.02. The company has a 50 day simple moving average of GBX 5,410.33 and a 200-day simple moving average of GBX 5,372.91. Cranswick has a 1 year low of GBX 4,805 and a 1 year high of GBX 5,810.

Insider Activity

In other Cranswick news, insider Christopher Aldersley purchased 3 shares of Cranswick stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of £5,350 per share, with a total value of £16,050. Also, insider Mark Bottomley sold 361 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Insiders have bought 366 shares of company stock worth $3,617,290 in the last three months. Corporate insiders own 2.55% 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 c. £3.0 billion. The business employs over 16,000 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.