Cranswick (LON:CWK) Stock Rating Upgraded by Royal Bank Of Canada

Cranswick (LON:CWK) was upgraded by investment analysts at Royal Bank Of Canada to an “outperform” rating in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has a GBX 6,100 price target on the stock, up from their previous price target of GBX 5,500. Royal Bank Of Canada’s price objective would suggest a potential upside of 11.72% from the stock’s previous close.

Several other equities analysts also recently weighed in on CWK. Berenberg Bank reissued a “hold” rating and set a GBX 5,770 target price on shares of Cranswick in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 6,100 target price on shares of Cranswick in a research report on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 62 target price on shares of Cranswick in a research report on Wednesday, May 20th. Finally, Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,706.40.

Cranswick Stock Performance

LON CWK opened at GBX 5,460 on Wednesday. The company has a market cap of £2.92 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.62 and a beta of 0.56. The company has a debt-to-equity ratio of 23.60, a quick ratio of 1.02 and a current ratio of 1.76. The business’s 50 day moving average price is GBX 5,292.85 and its 200-day moving average price is GBX 5,179.04. Cranswick has a fifty-two week low of GBX 4,805 and a fifty-two week high of GBX 5,620.

Cranswick (LON:CWK) last released its earnings results 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 return on equity of 14.99% and a net margin of 5.31%. Sell-side analysts predict that Cranswick will post 258.5590189 earnings per share for the current year.

Insiders Place Their Bets

In other Cranswick news, insider Adam Couch sold 347 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 507, for a total value of £1,759.29. Also, insider Mark Bottomley sold 250 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of GBX 5,097, for a total value of £12,742.50. Over the last quarter, insiders purchased 9 shares of company stock worth $48,219 and sold 26,207 shares worth $142,535,239. 2.54% of the stock is owned by insiders.

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.