Berenberg Bank Reaffirms “Hold” Rating for Cranswick (LON:CWK)

Cranswick (LON:CWK)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 5,770 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 4.79% from the stock’s previous close.

CWK has been the topic of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 62 price objective on shares of Cranswick in a research note on Wednesday, May 20th. Shore Capital Group reiterated a “house stock” rating on shares of Cranswick in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,100 price objective on shares of Cranswick in a research note on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,358.

Cranswick Stock Down 0.2%

LON:CWK opened at GBX 5,506.50 on Tuesday. The firm has a market capitalization of £2.95 billion, a P/E ratio of 20.35, a PEG ratio of 2.62 and a beta of 0.56. Cranswick has a 1-year low of GBX 4,805 and a 1-year high of GBX 5,620. The company’s fifty day moving average price is GBX 5,290.55 and its 200-day moving average price is GBX 5,176.04. The company has a debt-to-equity ratio of 23.60, a current ratio of 1.76 and a quick ratio of 1.02.

Cranswick (LON:CWK) last released its quarterly earnings data on Tuesday, May 19th. The company reported GBX 301.70 earnings per share for the quarter. The firm had revenue of GBX 298.25 billion for the quarter. Cranswick had a net margin of 5.31% and a return on equity of 14.99%. As a group, equities research analysts anticipate that Cranswick will post 258.5590189 EPS for the current year.

Insider Activity

In related news, insider Mark Bottomley sold 110 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of GBX 5,096, for a total transaction of £5,605.60. Also, insider Christopher Aldersley sold 9,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 5,470, for a total transaction of £492,300. Insiders have sold a total of 26,207 shares of company stock worth $142,535,239 in the last ninety days. Corporate insiders own 2.54% of the company’s stock.

Cranswick Company Profile

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.