Numis Securities Ltd Upgrades Cranswick plc (CWK) to Add
Cranswick plc (LON:CWK) was upgraded by investment analysts at Numis Securities Ltd to an “add” rating in a report issued on Thursday. The firm currently has a GBX 2,536 ($31.68) price objective on the stock, up from their prior price objective of GBX 2,456 ($30.68). Numis Securities Ltd’s price objective suggests a potential upside of 12.06% from the company’s previous close.
Several other brokerages have also commented on CWK. Investec increased their price objective on shares of Cranswick plc from GBX 2,520 ($31.48) to GBX 2,540 ($31.73) and gave the company a “buy” rating in a research report on Wednesday. Peel Hunt reaffirmed a “hold” rating and issued a GBX 2,050 ($25.61) price objective on shares of Cranswick plc in a research report on Wednesday. Liberum Capital reaffirmed a “hold” rating and issued a GBX 2,500 ($31.23) price objective on shares of Cranswick plc in a research report on Monday, October 31st. Finally, Davy Research initiated coverage on shares of Cranswick plc in a research report on Wednesday, November 9th. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,425.20 ($30.30).
Cranswick plc (LON:CWK) opened at 2275.00 on Thursday. The firm’s 50-day moving average is GBX 2,299.14 and its 200 day moving average is GBX 2,290.73. The stock’s market cap is GBX 1.13 billion. Cranswick plc has a one year low of GBX 1,605.12 and a one year high of GBX 2,608.91.
Cranswick plc Company Profile
Cranswick plc is a supplier of food products. The Company operates through Foods segment, which is engaged in the manufacture and supply of food products to the United Kingdom grocery retailers, the food service sector and other food producers. The Company provides a range of pork, gourmet sausages, cooked meats, cooked poultry, charcuterie, hand-cured and air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.
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