Cranswick (LON:CWK) Upgraded by Berenberg Bank to “Buy” Rating

Berenberg Bank upgraded shares of Cranswick (LON:CWK) to a buy rating in a research note published on Tuesday,Digital Look reports. The firm currently has GBX 6,080 price objective on the stock, up from their previous price objective of GBX 5,770.

A number of other analysts also recently weighed in on CWK. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,300 price target on shares of Cranswick in a research report on Tuesday, July 28th. Royal Bank Of Canada raised shares of Cranswick to an “outperform” rating and upped their target price for the company from GBX 5,500 to GBX 6,100 in a research note on Wednesday, May 27th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,200 target price on shares of Cranswick in a report on Monday, July 27th. Finally, Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a research report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Cranswick presently has a consensus rating of “Buy” and a consensus target price of GBX 6,036.

Cranswick Price Performance

Shares of CWK opened at GBX 5,167.48 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 23.26. Cranswick has a 1 year low of GBX 4,805 and a 1 year high of GBX 5,810. The stock has a market cap of £2.77 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The stock’s 50-day moving average price is GBX 5,294.07 and its two-hundred day moving average price is GBX 5,351.90.

Insider Activity

In other Cranswick news, insider Christopher Aldersley bought 3 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost 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 stock was sold at an average price of GBX 5,545, for a total transaction of £20,017.45. Insiders have bought a total of 363 shares of company stock worth $3,600,940 in the last quarter. 2.55% of the stock is currently owned by company insiders.

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.